Case Law Details
Aditya Gupta Vs. Union of India (Rajasthan High Court, Jaipur Bench)
Learned counsel for the respondent has opposed the petition and has submitted that allegations levelled against the petitioner were serious in nature. After thorough investigation of the case it transpired that accused had committed fraud to the tune of Rs. 22 Crores by creating fictitious firms and had claimed tax input credit.
Although in the present case allegations levelled against the petitioner are serious in nature but the fact remains that the petitioner is in custody for the last more than two years and admittedly maximum punishment to be imposed on the accused, if convicted, is five years. Now the case is listed before the trial court for recording of pre-charge evidence and the trial may not be concluded at an early date.
Considering the custody period of the petitioner, but without commenting on the merits of the case, it would be just and expedient to order release of the petitioner on bail.
Accordingly, petition is allowed. Petitioner be admitted to bail subject to furnishing bail bond in the sum of Rs. 10,00,000/- (Rupees Ten Lacs) with one surety in the like amount to the satisfaction of the Trial Court. Petitioner shall not leave the country without prior permission of the Court.
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