The Supreme Court has conditionally ordered the quashing of all criminal proceedings against the fugitive Sandesara brothers in the multi-crore Sterling Biotech bank fraud case. The relief is strictly contingent upon the brothers depositing ₹5,100 crore as a ‘full and final payment’ to the lender banks by December 17, 2025.
A Bench led by JK Maheshwari reasoned that if the public money is returned to the lenders via this one-time settlement (OTS), the continuation of criminal proceedings would be pointless.
Key financial details & conditions
- Settlement Amount: The Sandesara brothers must deposit ₹5,100 crore with the Supreme Court Registry by December 17, 2025. The money will be held in a short-term,…