2021 (1) TMI 215

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....sed seeking grant of bail. It is submitted that applicant/accused is proprietor of M/s Siddhivinayak Venture having PAN No. ANEPM5162A being used by one of his close friend Deepak Mittal for clothing business who did not pay the requisite GST amount, got arrested and was later released on bail. It is submitted that applicant/accused has been falsely arrested in the present case and he has been lan....

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....released on bail. Ld. SPP has vehemently opposed the bail application arguing that applicant/accused is proprietor of the firm M/s Sri Siddhivinayak Venture and during the course of investigation, it was revealed that applicant/accused knowingly participated in receipt of only paper invoices to the tune of Rs. 150 crores without any movement of goods and has fraudulently availed/passed input tax ....

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....nly at the cost of forfeiting the trust and faith of the Community in the system to administer justice in an even handed manner without fear of criticism from the quarters which view white collar crimes with a permissive eye unmindful of the damage done to the National Economy and National Interest..." In the matter of Y. S. Jangan Mohan Reddy v. CBI (2013) 7 SCC 439, Hon'ble Apex Court has obser....

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....g tampered with, the larger interests of the public/State and other similar considerations..." Therefore, the economic offences are required to be treated as a separate class and bail cannot be granted as a matter of routine. Applicant/accused is Masters in Business Administration. He is reported to be the sole proprietor of M/s Sri Siddhivinayak Ventures and reportedly raised taxable invoices t....