economic offences India – Lawcutor

Supreme Court Cancels Bail of Satinder Singh Bhasin for Violating Bail Conditions; Orders Forfeiture of Rs. 50 Crore Deposit — Holds Siphoning of Company Funds to Meet Deposit Condition Violates Section 185 of Companies Act, 2013

The Supreme Court on April 2, 2026, cancelled the bail granted to Satinder Singh Bhasin (Director of Bhasin Infotech and Infrastructure Private Limited) in 2019 in connection with multiple FIRs…

Supreme Court Holds Non-Confirmation of Seizure Under Section 37A of FEMA Bears on Adjudication Proceedings; Reiterates Writ Against Show-Cause Notice Permissible in Exceptional Cases

The Supreme Court has clarified that the non-confirmation of seizure of assets by the Competent Authority under Section 37A of the Foreign Exchange Management Act, 1999 carries significant weight in…