Supreme Court Seeks Contempt Proceedings Against Businessman Satinder Bhasin
Plea in SC seeks contempt, NBW against businessman Satinder Bhasin
News 18
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A plea has been filed in the Supreme Court of India for contempt proceedings against businessman Satinder Singh Bhasin for failing to surrender in connection with the Grand Venice Mall scam. The court had previously canceled his bail due to violations, including siphoning off ₹50 crore (approximately $6 million USD) from company funds.
- 01Supreme Court ordered Satinder Bhasin to surrender after canceling his bail.
- 02Bhasin is accused of defying court orders related to the Grand Venice Mall scam.
- 03Investors allege they were duped by Bhasin's company, Bhasin Infotech and Infrastructure Private Limited.
- 04The court's April 2 ruling requires Bhasin to surrender within a week.
- 05Around 46 FIRs have been filed against Bhasin and others in connection with the scam.
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A plea has been filed in the Supreme Court of India seeking contempt proceedings and non-bailable warrants against businessman Satinder Singh Bhasin for failing to surrender as ordered in the Grand Venice Mall scam case. On April 2, 2026, the Supreme Court canceled Bhasin's bail due to his non-compliance with court directives, including the alleged siphoning of ₹50 crore (approximately $6 million USD) from Bhasin Infotech and Infrastructure Private Limited (BIIPL) funds. Investors in Greater Noida accused Bhasin of defrauding them by not delivering promised properties. The petitioners, Louleen Kaur Bhalla and Jagvinder Singh, allege that Bhasin has engaged in dilatory tactics to evade surrender. The Supreme Court had previously set conditions for Bhasin's bail in November 2019, which he failed to meet, leading to the cancellation of his bail. The court has indicated that Bhasin may reapply for regular bail after twelve months, contingent on compliance with insolvency proceedings. Multiple FIRs have been lodged against Bhasin and others involved in the alleged scam.
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This case highlights the legal repercussions for developers who fail to deliver on real estate projects, affecting investor confidence in the sector.
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