{"id":312068,"date":"2024-01-24T12:15:39","date_gmt":"2024-01-24T06:45:39","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=312068"},"modified":"2024-01-24T12:03:34","modified_gmt":"2024-01-24T06:33:34","slug":"sc-cancels-statutory-bail-kapil-wadhawan-bank-fraud-case","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/01\/24\/sc-cancels-statutory-bail-kapil-wadhawan-bank-fraud-case\/","title":{"rendered":"Supreme Court cancels Kapil Wadhawan\u2019s statutory bail in multi-crore Bank Fraud Case"},"content":{"rendered":"
\n

Supreme Court:<\/span> The Supreme Court has set aside the statutory bail granted to former Promoters of Dewan Housing Finance Corporation Ltd. (‘DHFL’), Kapil Wadhawan and his brother, in a Rs 34,615-crore bank fraud case, and has directed that they should be taken into custody. While pronouncing the said order, Bela M. Trivedi, J. also stated that the respondents could not have claimed statutory bail as a right.<\/p>\n

As per report, the Court said that “We have no hesitation that the chargesheet having been filed and cognizance being taken in due time, respondents could not have claimed statutory bail as a right. HC and lower court greatly erred. Trial court to hear afresh on regular bail. Appeals allowed accordingly.”<\/span><\/p>\n

Source: Press<\/p>\n

Image Source:<\/b> twitter<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Supreme Court stated that the respondents could not have claimed statutory bail as a right.<\/p>\n","protected":false},"author":67513,"featured_media":312071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[64653,64654,64652,48635,5363],"class_list":["post-312068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news","tag-bank-fraud-case","tag-dhfl-promoter","tag-kapil-wadhawan","tag-statutory-bail","tag-supreme-court"],"yoast_head":"\nSC cancels statutory bail to Kapil Wadhawan in Bank Fraud Case | SCC Blog<\/title>\n<meta name=\"description\" content=\"Supreme Court cancelled statutory bail granted to Kapil Wadhawan in Rs 34615 Crore bank fraud case.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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