2020 (8) TMI 419

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.... the offence punishable under Sections 406, 420, 467, 468, 471 and 120-B of IPC. As per the prosecution case, the applicant Jeevan Sen was working as Accountant and co-accused Pankaj Khatri was working as Manager in the complainant's firm Datt Enterprises. During the period from 05.04.2016 to 28.11.2016, applicant in connivance with co-accused withdrew an amount of Rs. 51,46,895/- from the account of firm Datt Enterprises by way of online transaction for depositing service tax and also withdrew the amount of Rs. 18,09,303/- from the account of firm Datt Associates and out of that amount, some amount was deposited in applicant Jeevan Singh's accounts No.913020015608331 located at Axis Bank, Branch Jabalpur and account No.17880100001....

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....nt was received or used by the present applicant. Even otherwise, applicant is ready to deposit Rs. 31 lacs under protest. The applicant has been in custody since 14.01.2020 and the conclusion of trial will take time, hence prayed for release of the applicant on bail. Learned counsel for the State opposed the prayer and submitted that sufficient evidence is available on record to connect the applicant with the offence in question so he may not be released on bail. Learned counsel for the objector also opposed the application and submitted that for the payments of various taxes the complainant generated an online account and started online transaction. He had faith and trust on his Accountant i.e., applicant Jeevan Sen and Manager i.e., co....