The Supreme Court of India has on January 24 cancelled the statutory bail of former DHFL promoter Kapil Wadhawan, Bar & Bench reported.
The operative order was pronounced by Justice Bela M Trivedi, it added.
“We have no hesitation that the chargesheet having been filed and cognisance being taken in due time, respondents could not have claimed statutory bail as a right. HC and the lower court greatly erred. Trial court to hear afresh on regular bail. Appeals are allowed accordingly,” the judgement reads.
Wadhawan is accused in a ₹34,615-crore bank fraud case.
This is a breaking story, more updates are awaited…
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Published: 24 Jan 2024, 11:10 AM IST