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StockYard ( SEBI RA )

17th Dec · SEBI-Registered Analyst

📰 Supreme Court Grants Bail to Wadhawan Brothers in ₹34,000-Crore DHFL Bank Fraud Case

The Supreme Court of India has granted bail to former DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan in the ₹34,000-crore bank fraud case, citing prolonged pre-trial incarceration as a violation of Article 21, which guarantees the right to life and personal liberty. The apex court reiterated that “bail is the rule and jail is the exception”, observing that continued custody without the likelihood of an early trial amounts to punishment without adjudication. The bench noted that even with day-to-day hearings, the trial may take another two to three years to conclude. While granting bail, the court imposed strict conditions, including surrender of passports, restrictions on foreign travel, regular appearances before police and trial courts, and a warning that any attempt to influence witnesses would lead to cancellation of bail. The court clarified that the relief was granted without expressing any opinion on the merits of the case. 📌 Key Hashtags #SupremeCourt #DHFLCase #WadhawanBrothers #BailOrder #Article21 #IndianJudiciary #BankFraud #CBI #LegalNews #IndiaNews

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