Nishant Muttreja vs Serious Fraud Investigation Office

ik-82665777 Delhi High Court 23 December 2024 • 60 min read

Judges (1)

Chandra Dhari Singh Delivered

Counsel (12)

Abhishek Pratap Singh Counsel Respondent Amit Tiwari Counsel Respondent Anirudh Ramanathan Counsel Petitioner Divyanshu Bharadwaj Counsel Respondent Harshvardhan Jain Counsel Petitioner Piyush Kumar Counsel Respondent Saloni Ambastha Counsel Petitioner Sanya Kumar Counsel Petitioner Tara Narula Counsel Petitioner Trideep Pais Counsel Petitioner Vedansh Anand Counsel Respondent Vibhav Singh Counsel Respondent

Parties (3)

Serious Fraud Investigation Office Respondent Nishant Muttreja Petitioner Sushant Muttreja Petitioner

Case Significance

Nishant Muttreja vs Serious Fraud Investigation Office is a Delhi High Court decision dated December 23, 2024 (citation: ik-82665777). Two brothers, directors of CSL Colonisers Ltd, sought regular bail in an SFIO prosecution under the Companies Act for alleged fraud involving diversion of funds collected from homebuyers/investors in real estate projects. The Court considered the period of incarceration, the ongoing revival scheme for affected homebuyers, and the applicants' willingness to implement the scheme. Bail was granted with conditions including reporting to the police station twice weekly and making efforts for imple The case was heard by Justice Chandra Dhari Singh.

Summary

Two brothers, directors of CSL Colonisers Ltd, sought regular bail in an SFIO prosecution under the Companies Act for alleged fraud involving diversion of funds collected from homebuyers/investors in real estate projects. The Court considered the period of incarceration, the ongoing revival scheme for affected homebuyers, and the applicants' willingness to implement the scheme. Bail was granted with conditions including reporting to the police station twice weekly and making efforts for implementation of the revival scheme.

What was the outcome of Nishant Muttreja vs Serious Fraud Investigation Office?

Two brothers, directors of CSL Colonisers Ltd, sought regular bail in an SFIO prosecution under the Companies Act for alleged fraud involving diversion of funds collected from homebuyers/investors in ...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-82665777)