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SANDESARA BROTHERS SETTLEMENT
Sandesara brothers deposit Rs 5,100 cr; total recovery nearly double of Rs 5,383-cr fraudAgainst the original FIR by the CBI charging the brothers of defaulting on bank loans for Rs 5,383 crore, the total recovery against the tw...11 Dec, 2025, 07.38 PM IST- Sterling Biotech case: GoI to examine impact of Supreme Court judgmentThe government is reviewing the Supreme Court's Sterling Biotech judgment, which dropped criminal charges against promoters in exchange for...26 Nov, 2025, 12.49 AM IST
- Supreme Court orders clean chit if Sandesara brothers pay up settlementThe Supreme Court has ordered an end to criminal cases against fugitive billionaire brothers Nitin and Chetan Sandesara. This decision hing...25 Nov, 2025, 05.30 AM IST
- Sandesara brothers: What we know about duo flourishing in Nigeria as SC allows settlement in $1.6 billion fraud caseBillionaire brothers Nitin and Chetan Sandesara have been offered a settlement by India's Supreme Court, requiring them to pay one-third of...24 Nov, 2025, 06.40 PM IST
- Supreme Court allows Sandesara brothers to settle $1.6-billion fraud caseThe Supreme Court has offered a deal to billionaire brothers Nitin and Chetan Sandesara. They can avoid criminal charges in a $1.6 billion ...24 Nov, 2025, 03.36 PM IST
- Sandesara brothers, fighting fraud charges in India, are flourishing in NigeriaThe Sandesara brothers, Gujarati businessmen who left India in 2017, deny cheating their lenders and say they are victims of political pers...06 Jun, 2023, 02.29 PM IST
- Why economic fugitives prefer the CaribbeanThe agencies are having to toil to secure the extradition of the fugitive diamond trader Mehul Choksi, wanted in multi-crore fraud cases, w...28 Mar, 2022, 09.53 AM IST
- Fugitive Sandesaras offer to repay ₹900 crore in Rs 16,000-crore bank fraud caseAccording to the application, the total amount stated to be due from the Sandesaras is a little over Rs 1,500 crore, of which Rs 600 crore ...29 Dec, 2021, 07.27 AM IST
- Sandesaras claim agencies’ ‘dirty tricks’ prevent banks from realising duesA local court in Delhi had in September last year declared four directors of pharmaceuticals firm Sterling Biotech – Nitin and Chetan Sande...16 Apr, 2021, 09.15 AM IST
- Sterling Bank fraud accused appear before judge through videoconferencing for the first timeThe four — Nitin Sandesara, his brother Chetan Sandesara, Dipti Sandesara and Hitesh Patel — who appeared before a Delhi HC judge on Februa...08 Mar, 2021, 08.52 AM IST
- NCLAT stays tribunal’s order to liquidate Sterling BiotechTotal dues to the lenders stand above Rs 8,100 crore.04 Jun, 2019, 08.35 AM IST
- NCLT refers Sterling Biotech for liquidation“The tribunal has decided to refer the company for insolvency in a verbal order,” said one of the people.10 May, 2019, 10.18 AM IST
- NCLT pulls up lenders of Sterling SEZThe Mumbai bench of the National Company Law Tribunal on Thursday gave 24 hours to the committee of creditors (CoC) to file its response.26 Apr, 2019, 08.22 AM IST
- NCLT stays order to withdraw Sterling SEZ’s insolvency resolution processThe Mumbai-bench of NCLT on Friday stayed its earlier order after the Ministry of Corporate Affairs informed the tribunal that a similar wi...13 Apr, 2019, 09.57 AM IST
- Fugitive economic offender tag on Sandesara brothers will override settlement offer to banks: Enforcement DirectorateOn Tuesday, while submitting its reply, counsel for the ED informed the Mumbai bench of the NCLT that the case is being heard in the specia...26 Mar, 2019, 08.50 PM IST
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