Supreme Court overrules Delhi HC's bail to Bhushan steel ex- CFO Nitin Johari
New Delhi, Sept 12 (UNI): The Supreme Court on Thursday set aside the Delhi High Court order granting bail to former Chief Financial Officer (CFO) and Director of Bhushan Steel Nitin Johari.
Johari was arrested by the Serious Fraud Investigation Office (SFIO) for his alleged fraudulent activities.
A bench of the Apex court, headed by Justice NV Ramana, and also comprising Justices Mohan M Shantanagoudar, and Ajay Rastogi, set aside the August 14 Delhi High Court order, which had granted bail to him (Johari).
The apex court cancelled his bail, saying, "At this stage, we are not inclined to give bail to the petitioner."
After cancelling the bail of Johari, the Top Court remitted the matter back to the High Court for fresh hearing and for a consideration.
The Apex Court passed the order, after an appeal was filed by the SFIO which had challenged the Delhi High Court’s August 14 order.
Johari is a co-accused with promoter and other director of Bhushan Steels in the case.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
