The case of Satinder Singh Bhasin v. Government of NCT of Delhi & Ors. (2026 INSC 310) involves a batch of applications seeking the cancellation of bail granted to the petitioner, a real estate developer, due to alleged violations of court-imposed conditions,.
Factual Background
- The Project: The petitioner was the director of Bhasin Infotech and Infrastructure Private Limited (BIIPL), which developed the “Grand Venice” project in NCR.
- The FIRs: Numerous FIRs were filed by allottees alleging non-delivery of units, siphoning of funds, and impropriety in land allotment.
- Bail Order: In November 2019, the Supreme Court granted the petitioner bail on several conditions, most notably:
- Deposit of Rs. 50 crore as a pre-condition.
- A requirement to make genuine attempts to settle the claims of the allottees within six to eight months,.
- A prohibition against committing similar offences.
Key Issues and Court Findings
The Supreme Court examined the petitioner’s conduct over the six years since bail was granted and found several major breaches:
- Failure to Settle Claims: Despite multiple opportunities and mediation efforts, the Court found that the petitioner did not make a genuine effort to resolve the allottees’ grievances,,. Many allottees received neither their units nor refunds, and terms of mediation agreements were not fulfilled,.
- Uninhabitable Project Status: Multiple reports from UPSIDA, a court-appointed Observer, and an independent committee established that the units were incomplete, non-habitable, and lacked basic infrastructure such as water supply, functional lifts, and fire safety clearances,,. Consequently, the Court found that the petitioner’s claims of being ready to hand over possession were factually unfounded,.
- Source of the Rs. 50 Crore Deposit: The Court discovered that the petitioner did not use personal funds for the deposit but instead “borrowed” the money from BIIPL and related entities,. This was found to be in violation of Section 185 of the Companies Act, as no special resolution was passed and the loan was not for the company’s principal business,.
- Siphoning of Funds during Moratorium: While the petitioner’s companies were under a moratorium following the initiation of insolvency proceedings (IBC), the Interim Resolution Professional (IRP) alleged that approximately Rs. 74 crore had been siphoned off to entities controlled by the petitioner’s close relatives,,. The Court noted this conduct was inconsistent with the obligations of bail.
- Fabrication of Documents: The Court noted alarming evidence of fabricated documents, including a 2015 agreement that explicitly mentioned “GST,” which was not enacted until 2017,,.
Conclusion and Ruling
The Supreme Court concluded that the petitioner’s conduct was most undesirable and that he had failed to comply with the bail conditions in both letter and spirit,.
The Court ordered the following:
- Cancellation of Bail: The petitioner’s bail was cancelled, and he was ordered to surrender within one week.
- Forfeiture of Deposit: The entire Rs. 50 crore deposit, plus accrued interest, was forfeited.
- Distribution of Funds: Of the forfeited amount, Rs. 5 crore is to be sent to the National Legal Services Authority, and the remainder is to be transmitted to the IRP for IBC proceedings,.
- Future Bail: The petitioner may apply for regular bail again only after twelve months, provided he fully complies with orders in the insolvency proceedings,.
2026 INSC 310
Satinder Singh Bhasin V. Government of Nct of Delhi & Ors. (D.O.J. 02.04.2026)




