Indian court records, official press releases

Supreme Court Grants Bail to Bhushan Steel's Ex-MD Neeraj Singal in ₹46,000 Crore Fraud Case

Sep 6, 2024, 08:20 AM

The Supreme Court of India has granted bail to Neeraj Singal, the former promoter and ex-MD of Bhushan Steel, in connection with a ₹46,000 crore fraud and money laundering case. The court emphasized the importance of liberty and noted that it must lean in favor of bail if the trial does not commence promptly. The case involves significant economic offences, and the Supreme Court has cautioned about the impact of such scams.