NEW DELHI: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida.
A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender before the jail authorities within a week.
“The petitioner has not complied with the conditions of bail imposed upon him vide order dated November 6, 2019. Resultantly, the bail granted to the petitioner is cancelled. The petitioner is to surrender within one week from the date of this judgement,” the bench said.
The top court directed that Bhasin may apply for regular bail afresh after a period of twelve months, subject to fully complying with the orders passed in the insolvency proceedings.
“It is directed that the passport of the petitioner is not to be released by the trial court,” the bench said. The apex court also forfeited Rs 50 crore plus the accrued interest deposited by Bhasin as a part of the bail condition.