https://www.taxtmi.com/caselaws?id=298612 In serious economic offence cases, a court may impose a reasonable monetary security as a condition while granting default bail under Section 167(2) CrPC, if the condition is justified by the facts and circumstances. The Punjab and Haryana HC treated the challenge as limited to the monetary condition, noted that the objection to the appearance condition had been abandoned, and held that the requirement of a bank guarantee or fixed deposit receipt was not illegal or excessive in the context of alleged bogus transactions and input tax credit fraud. The Court distinguished Saravanan because the impermissible condition there required deposit of part of the alleged crime amount, whereas the present condition reflected judicial discretion. en-us Wed, 03 Mar 2021 00:00:00 +0530 Mon, 24 Mar 2025 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298612 In serious economic offence cases, a court may impose a reasonable monetary security as a condition while granting default bail under Section 167(2) CrPC, if the condition is justified by the facts and circumstances. The Punjab and Haryana HC treated the challenge as limited to the monetary condition, noted that the objection to the appearance condition had been abandoned, and held that the requirement of a bank guarantee or fixed deposit receipt was not illegal or excessive in the context of alleged bogus transactions and input tax credit fraud. The Court distinguished Saravanan because the impermissible condition there required deposit of part of the alleged crime amount, whereas the present condition reflected judicial discretion. Case-Laws GST Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298612