38.6c New Delhi, India, Wednesday, August 06, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Judiciary

SC Cancels Bail of Ex-DHFL Promoter Dheeraj Wadhawan in ₹42,000 Crore Bank Fraud Case

By Jhanak Sharma      05 August, 2025 05:34 PM      0 Comments
SC Cancels Bail of Ex DHFL Promoter Dheeraj Wadhawan in 42000 Crore Bank Fraud Case

NEW DELHI: The Supreme Court on Tuesday cancelled the bail granted to former DHFL promoter Dheeraj Wadhawan on medical grounds in the multi-crore bank loan scam case.

A bench of Justices Sanjay Kumar and Satish Chandra Sharma took into account the report filed by the medical board, and went ahead to cancel Wadhawan’s bail and directed him to surrender within two weeks. The court said the jail authorities would take care of any medical assistance required by him.

The Wadhawan brothers, Kapil and Dheeraj, were arrested in this case in July 2022. In October 2022, the agency filed a chargesheet, and the court took cognisance.

It was alleged that DHFL, its then CMD Kapil Wadhawan, the then Director Dheeraj Wadhawan and other accused persons entered into a criminal conspiracy to cheat the consortium of 17 banks led by the Union Bank of India, and in pursuance of the criminal conspiracy. The allegations levelled claimed that the accused and others induced the consortium to sanction huge loans aggregating Rs 42,871.42 crore.

In September last year, the Delhi High Court had granted him bail on medical grounds. It had observed that his case fell within the parameters of a "sick person".

The High Court's order was challenged by the CBI in the apex court.

Additional Solicitor General S V Raju, representing the CBI, had contended that Wadhawan did not suffer from any serious medical ailments and huge amounts of money were siphoned off in the case.

In January, 2024, the Supreme Court had set aside an order granting statutory bail to both the accused in the case, saying the charge sheet having been filed and cognisance being taken in due time, Wadhawan brothers could not have claimed it as a right. 



Share this article:

About:

Jhanak is a lawyer by profession and legal journalist by passion. She graduated at the top of her cl...Read more

Follow:
FacebookTwitterLinkedinInstagram


Leave a feedback about this
Related Posts
View All

Another CBI Officer Investigating Rakesh Asthana Moves SC Against Transfer, Makes Startling Revelations Another CBI Officer Investigating Rakesh Asthana Moves SC Against Transfer, Makes Startling Revelations

After A.K. Bassi, another CBI officer who was investigating corruption allegations against Special Director Rakesh Asthana moved the Supreme Court.

Ayodhya verdict: SC rules in favour of Ram Lalla, Sunni Waqf Board gets alternate land Ayodhya verdict: SC rules in favour of Ram Lalla, Sunni Waqf Board gets alternate land

SC bench led by CJI Ranjan Gogoi has allotted the dispute site to Ram Janmabhoomi Nyas, while directing the government to allot an alternate 5 acre land within Ayodhya to Sunni Waqf Board to build a mosque.

Supreme Court: Money Spent On Judiciary Less Than 1% In All States Except Delhi Supreme Court: Money Spent On Judiciary Less Than 1% In All States Except Delhi

The court guided all states to document their response to the commission's report within four weeks. If any of the states fail to file a response, it will be presumed that they have no objections to the recommendations made by the commission, the court said.

Supreme Court Top Panel Names Chief Justices for Bombay, Orissa and Meghalaya High Courts Supreme Court Top Panel Names Chief Justices for Bombay, Orissa and Meghalaya High Courts

On April 18, 2020, the Supreme Court Collegium recommended new Chief Justices for three High Courts. Justice Dipankar Datta was proposed as Chief Justice of the Bombay High Court, succeeding Justice B.P. Dharmadhikari. Justice Biswanath Somadder was nominated as Chief Justice of Meghalaya High Court, while Justice Mohammad Rafiq was recommended for transfer as Chief Justice of Orissa High Court.

TRENDING NEWS

sc-to-hear-plea-on-august-8-seeking-time-bound-restoration-of-statehood-to-jammu-and-kashmir
Trending Judiciary
SC to Hear Plea on August 8 Seeking Time-Bound Restoration of Statehood to Jammu & Kashmir

SC to hear plea on Aug 8 seeking time-bound restoration of statehood to J&K, citing violation of federalism and delay despite govt assurance.

05 August, 2025 01:45 PM
sc-cancels-bail-of-ex-dhfl-promoter-dheeraj-wadhawan-in-42000-crore-bank-fraud-case
Trending Judiciary
SC Cancels Bail of Ex-DHFL Promoter Dheeraj Wadhawan in ₹42,000 Crore Bank Fraud Case

SC cancels bail of ex-DHFL promoter Dheeraj Wadhawan in ₹42,000 cr bank loan scam case; directs him to surrender within 2 weeks despite medical plea.

05 August, 2025 05:34 PM

TOP STORIES

sc-directs-telangana-speaker-to-decide-disqualification-petitions
Trending Judiciary
SC directs Telangana Speaker to decide disqualification petitions against 10 rebel BRS MLAs within 3 months [Read Order]

SC orders Telangana Speaker to decide disqualification pleas against 10 rebel BRS MLAs within 3 months, stressing swift action on political defections.

31 July, 2025 04:58 PM
sc-to-first-consider-maintainability-of-review-against-2022-judgment-on-eds-powers-under-pmla
Trending Judiciary
SC to first consider maintainability of review against 2022 judgment on ED's powers under PMLA

SC to first decide if review pleas on ED powers under PMLA are maintainable; hearing on Karti Chidambaram’s plea set for August 6.

01 August, 2025 10:58 AM
sc-recalls-may-2-judgment-scrapping-jsw-steels-resolution-plan-for-bhushan-power-and-steel-ltd
Trending Business
SC recalls May 2 judgment scrapping JSW Steel's resolution plan for Bhushan Power and Steel Ltd

SC recalls its May 2 verdict cancelling JSW Steel’s ₹19,300 Cr resolution plan for Bhushan Power; matter to be heard afresh on August 7.

01 August, 2025 11:13 AM
electronic-communication-not-valid-mode-of-service-of-notice-under-section-35-bnss-sc
Trending Judiciary
Electronic communication not valid mode of service of notice under Section 35 BNSS: SC [Read Order]

SC holds WhatsApp or email not valid for notice under Section 35 BNSS due to arrest risk; personal service required to safeguard liberty.

01 August, 2025 11:25 AM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email