HC: Rejects bail plea citing possibility of huge racket, manipulation of evidence

Gujarat HC rejects petition seeking bail with respect to offence u/s 132(1)(b)(c) of CGST Act involving allegation against the Petitioner of having obtained the tax credit of about Rs. 60 Cr through fictitious firms allegedly established in connivance with other persons; Notes that 406 summonses have been issued and 92 beneficiaries firms are under investigation; While highlighting the need for thorough investigation and the possibility of huge racket, observes that "under su...