2022 (7) TMI 1106 - SCH - GST

Grant of Bail - requirement to make various deposits - HELD THAT - The appellant, on instructions states that after the initial deposit of Rs. 60 crores, Rs. 40 more crores have been deposited totaling to Rs.100 crore - 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. The appellant is granted bail on terms and conditions to the satisfaction of the trial Court apart from have been already stipulated - appeal disposed off.

Summary

The Supreme Court of India granted bail to the appellant upon depositing a total of Rs. 200 crores in installments. The appeal has been disposed of accordingly.