2019 (5) TMI 1678

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....t, 2017. 2. Learned Advocate appearing on behalf of the applicant submits that considering the nature of the offence, the applicant may be enlarged on regular bail by imposing suitable conditions. 3. Learned APP appearing on behalf of the respondent-State has opposed grant of regular bail looking to the nature and gravity of the offence. 4. Learned Advocates appearing on behalf of the respective parties do not press for further reasoned order. 5. Having heard the learned advocates for the parties and perusing the material placed on record and taking into consideration the facts of the case, nature of allegations, gravity of offences, role attributed to the accused, without discussing the evidence in detail, this Court is of the ....

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.... bail order; (4) I further undertake that over and above payment of said tax liability as aforesaid by M/s PHD Trading Corporation Ltd., within a period of one week from the date of bail order of Your Lordships, M/s Desai Impex Pvt.Ltd. would also made a payment of Rs. 54,00,000/- in cash towards tax liability within a period of six months from the date of bail order." At this stage, learned senior counsel, under the instructions, further submits that the applicant is also ready and willing to deposit further amount of Rs. 21 lacs within a period of six months from the date of release of the applicant. Learned advocate Mr.Ankit Shah appearing for the respondent-department has taken instructions from the concerned officer and sub....