HC: Rejects bail considering ‘high magnitude’ of economic offence involving GST of Rs. 127 crores

Punjab & Haryana HC (Chandigarh) rejects bail to the Petitioner owing to allegations being with regard to commission of economic offence of high magnitude to the extent of Rs. 127 crores; In light of serious allegations of issuance of fake invoices of approximately Rs. 931 crores issued by various non-existent firms/companies, holds that “it is too early to conclude that arrest can’t be effected or prosecution can’t be launched without issuing notice under section 7...