Supreme Court Cancels Bail for Satinder Singh Bhasin in Grand Venice Mall Scam

• The Supreme Court set aside the bail granted to businessman Satinder Singh Bhasin in the multi-crore rupee alleged Grand Venice Mall scam in Greater Noida.
• Bhasin is directed to surrender to jail authorities within one week, as he failed to comply with previous bail conditions.
• The court forfeited ₹50 crore plus accrued interest deposited by Bhasin as part of his bail condition.
• ₹5 crore plus interest will go to the National Legal Services Authority, and the remaining amount to the IRP for IBC proceedings.
• Bhasin may apply for fresh regular bail after 12 months, subject to full compliance with insolvency proceedings orders.