High Court grants conditional bail to N. Nityananda in ₹42 crore tax evasion case

The High Court granted conditional bail to S. Nityananda, owner of N Square Enter Prices, who faces allegations of ₹42 crore tax evasion using machinery for paan masala production. The court, presided over by Justice S. Vishwajith Shetty, set conditions including a personal bond of ₹1 lakh and two sureties of the same amount. The case involves allegations that six machines were installed at Nityananda's factory, where paan masala was manufactured from April 2024, leading to a search by central tax officials and the discovery of ₹42 crore in tax evasion.