Patiala House Court rejects bail in alleged ₹ 25 Cr fake ITC claim case

Naresh Mittal Vs. DGGST (Patiala High Court) It appears from the facts that applicant alongwith Chhedi Lal Mittal created fake firms and availed fake ITC to the tune of Rs. 25 crore. Further it is brought to the fore that applicants firm could not have any business transactions with the firms he was transacting with as the businesses done by both were entirely different. Further these firms were engaged only for issuance of paper invoices without supply of any goods and accused in connivance of Chhedi Lal Mittal used to create fake bills of metals without actual supply of goods for passing of ...