Case Law Details
Peeyush Kumar Jain Vs Union of India (Allahabad High Court)
Bail granted after considering various factors like applicant already paid INR 54.09 Crores; the amount of INR 196,57,02,539/- is already seized by the department; applicant has already spent more than 8 months in jail; applicant has not previous criminal history; etc.
Facts-
DGGI filed a complaint before Special Chief Judicial Magistrate (Economic Offences)/ Additional Metropolitan Magistrate-III, Kanpur Nagar against the applicant stating that applicant is one of the partners in the firm named M/s. Odochem Industries and also operated and managed two proprietorship concerned. It was revealed during investigation that the aforesaid firms operated by the applicant were collectively engaged in illicit supply of finished goods, namely perfumery compounds, without issuing any tax invoice and without payment of GST.
The applicant filed an application before the Trial Court and the Sessions Judge for being released on bail. However, both the applications were rejected.
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