misuse of company funds – 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…