Panchkula, Oct. 24 -- The court of sessions judge Ved Parkash Sirohi has dismissed the bail application of Sachin Kumar, 28, a Panipat resident accused in a multi-crore input tax credit (ITC) fraud case. Kumar, lodged in Central Jail, Ambala, had filed the plea on October 8.

The case, registered by Sector 5 police station, Panchkula, under Sections 132(1)(b) and 132(1)(c) of the CGST Act, and Section 20(15) of the IGST Act, alleges that Kumar managed multiple firms-including M/s Jain Traders, M/s Radha Trading Company and M/s Shyam Enterprises-that passed ineligible ITC of Rs.5.31 crore to M/s Bansal Infratech Synergies India Limited.

Investigations revealed several firms were non-existent or had forged registration documents. Witnesses...