Supreme Court of India ordered lookout notice against Satinder Singh Bhasin in Grand Venice fraud case. Bench of Sanjay Karol and N Kotiswar Singh directed authorities to secure his presence urgently.
The Supreme Court of India ordered the issuance of a look-out notice against businessman Satinder Singh Bhasin, noting that he had failed to surrender despite earlier directions in connection with the Grand Venice real estate fraud case. The matter relates to allegations of cheating homebuyers in a project located in Greater Noida.
A Bench comprising Justice Sanjay Karol and Justice N Kotiswar Singh passed the directions while hearing applications arising out of complaints by investors who alleged that they were defrauded in the housing project. The Court took serious note of Bhasin’s continued absence and directed authorities to ensure his immediate appearance.
Emphasising strict enforcement, the Court instructed that all necessary measures be taken to secure his presence, including alerting airports across the country. It also directed the Director General of Police, Uttar Pradesh, to personally supervise compliance in line with constitutional obligations under Article 144.
The Court observed,
“All such steps, as may be necessary, including the issuance of look out notice shall be taken and all Airports in the country shall be notified of such steps,”
During the hearing, the Bench noted uncertainty regarding Bhasin’s whereabouts. His counsel informed the Court that he was unable to confirm his client’s location, while the State assured that compliance with earlier directions would be ensured by May 4, 2026.
The dispute traces back to 2019, when the Supreme Court had granted Bhasin bail subject to stringent conditions, including a requirement to make genuine efforts to resolve claims of homebuyers. However, several investors later approached the Court seeking cancellation of his bail, alleging non-compliance with these conditions. On April 2, 2026, the Court cancelled his bail after finding that he had violated his undertaking and ordered forfeiture of Rs 50 crore deposited earlier. He was directed to surrender within one week, but failed to do so.
Taking a stricter stance, the Court has now directed his immediate surrender before the Superintendent of Police, Lukshar Jail, Gautam Buddh Nagar.
It stated,
“We direct the original petitioner, namely, Satinder Singh Bhasin to surrender forthwith before the Superintendent of Police, Lukshar Jail…,”
The Bench also imposed stringent financial restrictions on Bhasin. It ordered that all his assets remain frozen and restrained him from creating any third-party interests. Additionally, he has been directed to submit a complete disclosure of his assets and liabilities by May 4. The Court further directed that rental income from companies in which he is a promoter or shareholder shall not be released until further orders, except in cases where such companies are already undergoing insolvency proceedings.
In continuation of enforcement measures, the Court directed the State authorities to initiate proceedings under the Bharatiya Nagarik Suraksha Sanhita. It also stayed an order dated April 8, 2026, passed by the Chief Judicial Magistrate, Gautam Buddh Nagar, which had earlier rejected Bhasin’s application seeking permission to surrender.
The matter is scheduled for further hearing on May 4, 2026, and is expected to significantly impact the ongoing proceedings concerning investor protection and accountability in large-scale real estate projects.
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