Today, On 21st July, The ex-promoters of BSPL have approached the Supreme Court seeking a review of its verdict ordering the company’s liquidation. They urged the court to grant an open court hearing on their review petition challenging the decision.
![[Bhusan Steel PMLA Case] 'Not A Minor Offender, Need to Set Limits for Economic Crimes, Entitled For Bail, Even if He Shook Up the Economy': Supreme Court Grants Bail To Ex-Bhushan Steel MD Neeraj Singal](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/09/image-2024-09-06T124412.507.png?resize=447%2C367&ssl=1)
The Supreme Court today granted bail to former Bhushan Steel MD Neeraj Singal in a Rs 46,000 crore money laundering case. Justices Khanna and Kumar acknowledged the gravity of the allegations but cited his prolonged custody and stalled trial for bail. Singhvi and Sibal represented Singal. Singal was granted bail with conditions, including surrendering his passport.
![[Bhusan Steel Bank Fraud Case] SC Seeks ED's Response of Promoter Singal's Bail Plea Within Three weeks](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/MicrosoftTeams-image-114.png?resize=447%2C367&ssl=1)
The Supreme Court has agreed to consider Neeraj Singal’s bail plea in the Bhushan Steel bank fraud case. Singal, the former promoter of Bhushan Steel, is seeking bail after being accused of involvement in a money laundering case linked to an alleged Rs 46,000 crore bank fraud. The Enforcement Directorate has been requested to respond within three weeks.
The Delhi High Court Today (May 22nd) reserved its verdict on the plea filed by the Enforcement Directorate (ED) challenging the transfer of the Bhushan Steel money laundering case from a judge who allegedly remarked “ED matters main kaun si bail hoti hai? (where is the question of bail in ED matters?)”. Justice Swarana Kanta Sharma emphasized the impact such remarks and subsequent case transfers have on judges
