Rajasthan HC Denies Bail in ₹10.87 Cr Fake ITC Case

Vineet Jain Vs Union of India (Rajasthan High Court) Rajasthan High Court has denied bail to Vineet Jain, who was arrested for allegedly availing Input Tax Credit (ITC) worth ₹10.87 crores using fake invoices and manipulated transport documents. The petitioner argued that his arrest was unlawful, citing the Supreme Court’s rulings in Prabir Purkayastha v. State (NCT of Delhi) and Pankaj Bansal v. Union of India, which mandate written reasons before an arrest under the Prevention of Money Laundering Act (PMLA). However, the court held that these precedents were inapplicable to GST-related a...