# Satinder Singh Bhasin vs. Government of NCT of Delhi & Ors.

> SC judgment dated 2026-04-02. Citation: TCN-2026-SC-00063. The present applications seek cancellation of bail granted to the petitioner due to alleged…

- **Court:** SC
- **Order date:** 2 Apr 2026
- **Citation:** TCN-2026-SC-00063
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/satinder-singh-bhasin-vs-government-of-nct-of-delhi-ors-cc7re

## Summary

### Background

The present applications seek cancellation of bail granted to the petitioner due to alleged violations of bail conditions. The original writ petition was filed by the petitioner seeking clubbing of FIRs and bail in cases related to the 'Grand Venice' project.

## Facts

The petitioner, Mr. Satinder Singh Bhasin, Director of Bhasin Infotech and Infrastructure Private Limited ( BIIPL ), filed a writ petition in 2019 seeking to club all FIRs related to his 'Grand Venice' project and for the grant of bail. The FIRs, registered in New Delhi and Uttar Pradesh, were filed by allottees alleging non-delivery of units, siphoning of funds, and impropriety in land allotment. The Supreme Court granted interim bail on November 6, 2019 , subject to several conditions, including a deposit of Rs. 50 crores and making every possible attempt to settle claims within six to eight months. One crucial bail condition, Condition (vi) , required the petitioner to deposit Rs. 50 crores as a pre-condition for bail. The respondents argued that the petitioner used

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## Issues and analysis

### Issue 1: Whether the petitioner violated bail condition (vi) by using company funds for the Rs. 50 crore …

**Ratio:** A director cannot use company funds for personal bail deposits without adhering to

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**Reasoning:** The Court found that the Rs. 50 crore deposit originated from BIIPL and other related

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**Interpretation:** The Court interpreted Section 185 of the Companies Act, 2013, strictly,

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**Application:** The petitioner's use of BIIPL funds for his personal bail, without a special

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## Parties

- **Judges:** SANJAY KAR…; NONGMEIKAPAM…; +2 more
- **Appellants:** Satinder Singh…; Lauleen Kaur…; +8 more
- **Respondents:** Bhasin Infotech…; Grand Venezia…; +4 more
- **Other parties:** Mukesh…; DS Chewing…
- **Advocates:** Shyam D…; Vipin S…; +20 more

## Timeline

- **November 6, 2019 — Bail Gra…**: The Supreme Court granted interim bail to the petitioner, Mr. Satinder Singh Bhasin, in…
- **November 25, 2019 — Modification of Bail…**: The Court partly rejected the petitioner's application for modification of Condition (vi)…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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