Summary
- The Telangana High Court has granted anticipatory bail to Sri Saroj Kumar Pandey, a Director of M/s. Shah Batteries Private Limited, in a GST case involving alleged wrongful availment of Input Tax Credit amounting to Rs.98.47 Crores.
- The court considered the seriousness of the allegations but emphasized the need to evaluate the individual role and cooperation of the petitioner, as well as existing documentary evidence already in custody.
- Pandey's bail conditions include a personal bond of Rs.5,00,000 and regular appearances before the Investigating Officer for twelve weeks.
- The ruling preserves the authority's right to take further action under Sections 69 and 132 if new evidence warrants it, highlighting ongoing investigative needs.
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