Bail Denied: High Court Rejects ITC Fraud Bail u/s 438; Custodial Interrogation Deemed Necessary for Applicant.

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....Seeking grant of Bail - Input tax credit - There is no retraction of statement dated 25th June, 2021. As per GSTR-2A of applicant the amount of ITC availed by applicant in respect to three firms is total taxable value in ₹ 990.17 Crores. The custodial interrogation of applicant is necessary. - The applicant have not made out case for granting relief under Section 438 of Cr.P.C. - bail application dismissed. - HC....