Supreme Court of India · 2019-09-12
Serious Fraud Investigation Office vs Nittin Johari
- Citation / case number
- AIR 2019 SUPREME COURT 4380
- Court
- Supreme Court of India
- Petitioner
- Serious Fraud Investigation Office
- Respondent
- Nittin Johari
- Author
- Mohan M. Shantanagoudar
- Bench
- Ajay Rastogi, Mohan M. Shantanagoudar, N.V. Ramana
Judgment text excerpt
The Supreme Court addressed the appeal against the Delhi High Court's decision to grant bail to Nittin Johari in a serious fraud case involving the siphoning of funds from Bhushan Steel Ltd. The court emphasized the gravity of the allegations under Section 447 of the Companies Act, 2013, and the potential for tampering with evidence. Ultimately, the court set aside the bail order, highlighting the need for stringent measures in cases of serious financial fraud.