High Court Denies Bail for Economic Offenses Involving Fraudulent GST Claims, Citing Significant State Losses and Development Impact.

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....Seeking grant of Bail - Input tax credit - The Petitioner is said to have been involved in commission of the above Economic offences which are considered to be grave. Such dubious activities in committing offences for making huge unlawful gain by causing huge loss to the State Exchequer is a step towards not only scuttling the process of development in the country but also in standing as developed country in the globe in which our march is on - Bail not granted - HC....