Director Granted Bail in GST Fraud Case After Undertaking to Pay Rs. 2 Crore Tax.

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....HC granted regular bail to the applicant Director of M/s Nandeshwari Steel Co. in a case involving fraudulent availment of ITC and issuance of fraudulent invoices by non-existent suppliers. The applicant undertook to pay Rs. 2 crores GST amount in two installments. Considering the offence punishable up to 5 years, completed investigation, principle of bail being the rule and jail an exception under Article 21, and the time required for trial commencement, HC allowed regular bail.....