HC: Mere long custody not a ground for Petitioner's release, dismisses bail application

P&H HC rejects bail application of the petitioner implicated for fraudulent availment and utilization of ITC of more than Rs. 19.50 crores basis fake invoices without supplying the goods worth Rs. 128 crores; Observes that, “the alleged offence is an economic offence which requires to be dealt with seriously” and “mere long custody would not be a ground for releasing him on bail” while noting that the petitioner is in custody since July 4, 2018; Relies o...