Anticipatory bail denied for fraudulent use of inadmissible ITC; offenses deemed bailable u/s 132.

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....Seeking grant of anticipatory bail - fraudulent availment of inadmissible Input Tax Credit (ITC) - bailable offence or not - Section 132 of the Act lists 12 offences that are punishable with imprisonment and/or a fine. - In the present case, it is a common ground between the applicants and the opposite party No. 3 that the offences are bailable. - granting of anticipatory bail does not arise for an offence which is bailable and a direction for the same can be issued only in respect of non-bailable and cognizable offences, the present anticipatory bail application deserves rejection - HC....