2022 (5) TMI 1182

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.... Sh. Ayush Tyagi, counsel for accused Saurabh Srivastava ORDER This order of mine shall dispose of the application for bail of applicant/accused Saurabh Srivastava. 2. It is argued by the learned counsel for the applicant/accused that the applicant/accused has been falsely implicated in the present case as he has not wrongfully availed any Input Tax Credit. It is further argued that the....

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.... are also suffering from various medical ailments and with these submissions it is prayed that applicant/accused may be granted concession of bail. 3. Per contra, learned senior Public Prosecutor Sh. Pramod Bahuguna vehemently opposed the bail application submitting that allegations against the applicant/accused are that he, being proprietor of M/s Saibro Industries (GSTIN: 06BCJPS1288Q2ZP), ha....

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....ttacks on the economy of the country resulting into unnecessary burden on the poor people and considering the gravity of offence committed by accused, the accused should be denied the concession of bail and his bail application may be dismissed. 4. After hearing the contentions raised by learned Senior Public Prosecutor appearing on behalf of the Prosecuting Department and learned defence couns....

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....licant/accused and the fact that the investigation of the case is at nascent stage and further considering the fact that now a days economic offences are rampant and should be dealt with due firmness as observed by Hon'ble Apex Court in case titled as Y.S. Jagan Mohan Reddy. Vs. CBI (2013) 7 SCC 439 wherein the Hon'ble Apex Court has observed that economic offences constitute a class apart and nee....