Piyush jain - Latest News Update, Information, Photos & Videos on Piyush jain at Lokmat Times

Prayagraj, Sep 2 The Allahabad High Court has granted bail to Kannauj-based perfume businessman Piyush Jain in a tax evasion case after eight month.Jain had been in jail since December 2021 when more than Rs 196 crore cash and 23 kg gold were seized from his residence and factory in Kanpur and Kannauj during a search by a team of the Directorate of GST Intelligence (DGGI).Justice Subhash Vidyarthi allowed Jain's bail application and imposed several conditions including that he will not tamper with the evidence during the trial and will not influence any witness.Jain was seeking his release on bail in criminal case number 7646 of 2022 in the court of special chief judicial magistrate (economic offences)/additional metropolitan magistrate-III, Kanpur Nagar.On December 22 last year, the DGGI team conducted a search on the residential and official premises of the applicant at Kannauj and Kanpur which continued till December 28.Jain was arrested on December 26, 2021.According to the applicant, he was suffering from multiple diseases like double vision, glaucoma, insomnia, hypertension, anxiety and blood pressure for which he was undergoing treatment.He submitted in the bail plea that he had already paid a sum of Rs 54.09 crore towards tax, interest and penalty and he had undertaken to deposit the amount of any additional liability whereas the department was yet to ascertain his tax liability.Further, the applicant had already spent more than eight months in jail and during this period the department had not sought his custodial interrogation which shows that his custody was not at all required and therefore he may be released on bail.The court while allowing the bail application observed: "Even if the allegation is one of grave economic offence, it is not a rule that bail should be denied in every case since there is no such bar created in the relevant enactment passed by the legislature nor does the bail jurisprudence provide so."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Piyush JainFOLLOW

Piyush jain, Latest News

NewsVoir Mumbai (Maharashtra) [India], June 14: CarePal Group, India's integrated healthcare financing platform has elevated Vikas Kaul as its ... ...

Kanpur, May 24 The customs department has seized 23 kg gold which was recovered from the possession of ... ...

Mumbai (Maharashtra) [India], May 17 (ANI/NewsVoir): In a major brand restructuring exercise, Piyush Jain, Co-founder and CEO and Khushboo ... ...

New York, May 9 Using Artificial Intelligence (AI) US researchers, including one of Indian origin, have developed a ... ...

Kanpur, May 8 A chargesheet is set to be filed against Kanpur businessman Piyush Jain and his associates ... ...

A study conducted by ImpactGuru.com, India's leading medical fundraising platform, has revealed that over 3,500 cancer patients across India fundraised more than Rs 60 crore through crowdfunding with the support of a two lakh-strong donor community i ...

Young students and workers of today have arrived at the intersection of unimaginable technologies and unprecedented global turmoil. While the current workforce is ahead of its previous generations in technological prowess, ambitions, and talents, it ...

Prayagraj, Sep 2 The Allahabad High Court has granted bail to Kannauj-based perfume businessman Piyush Jain in a ... ...