In a recent case of GST scam worth Rs. 869, a two-judge bench of the Supreme Court has granted bail to one of the Directors of M/s Miraj Products Private Limited on a condition to deposit Rs. 200 crores as a pre-requirement of releasing him on bail.
The appellant, Vinaykant Ameta was Director in M/s Miraj Products Private Limited. As per the prosecution story, the appellant along with the other director had evaded tax of Rs. 869 Crores. GST department had seized one truck which was being unloaded at their premises. A bail application filed by the appellant was dismissed by the Rajasthan High Court.
While hearing an appeal filed by the appellant against the orders of the authorities and the order of the High Court, Justice Sanjay Kishan Kaul and Justice M.M. Sundresh granted the bail on depositing of Rs.200 Crores.
Before the Apex Court, the appellant stated that after the initial deposit of Rs.60 crores, Rs.40 more crores have been deposited totaling to Rs.100 crores. It was submitted that the appellant will make arrangements to ensure that Rs.50 more crores is deposited in 12 weeks and another Rs.50 more crores within 12 weeks thereafter, totaling to Rs.200 crores.
Granting bail to the appellant, the Court held that “the aforesaid undertaking on behalf of the appellant is taken on record. Subject to the aforesaid undertaking being complied, we grant bail to the appellant on terms and conditions to the satisfaction of the trial Court apart from what we have already stipulated.”
VINAY KANT AMETA vs UNION OF INDIA
CITATION: 2022 TAXSCAN (SC) 128
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