Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
HC allowed the applicant's bail application and ordered release on furnishing appropriate surety. The applicant, accused of embezzling funds exceeding Rs.120 crores through fictitious suppliers to facilitate illegal sales and GST evasion, was held to face a prosecution principally reliant on documentary and electronic evidence, with investigation completed and trial likely to be protracted. Although the offence under s.132(1)(i) C.G.S.T. Act is cognizable and non-bailable, it carries a maximum sentence of five years and is triable by a Magistrate. The applicant has no antecedent criminal record and there is no demonstrable risk of tampering with documentary proof; accordingly, applying settled principles governing custodial bail, release on bail was directed.
HC allowed the applicant's bail application and ordered release on furnishing appropriate surety. The applicant, accused of embezzling funds exceeding Rs.120 crores through fictitious suppliers to facilitate illegal sales and GST evasion, was held to face a prosecution principally reliant on documentary and electronic evidence, with investigation completed and trial likely to be protracted. Although the offence under s.132(1)(i) C.G.S.T. Act is cognizable and non-bailable, it carries a maximum sentence of five years and is triable by a Magistrate. The applicant has no antecedent criminal record and there is no demonstrable risk of tampering with documentary proof; accordingly, applying settled principles governing custodial bail, release on bail was directed.
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