Supreme Court Grants Bail to Vikram Bhatt and Wife in Rs 30 Crore Cheating Case

The Supreme Court on Thursday granted bail to Filmmaker Vikram Bhatt and his wife Shwetambari Bhatt in a high-profile Rs 30-crore cheating case, overturning the Rajasthan High Court’s earlier refusal. The apex court noted that the allegations, while serious, arose from a commercial transaction rather than offences warranting prolonged detention.

The case stems from a complaint by a Udaipur-based businessman who alleged that the Bhatts had cheated him of Rs 30 crore by promising multiple movie projects, including a biopic, and failing to deliver on timelines and specific commitments. The businessman claimed the funds were misappropriated, leading to accusations of cheating and criminal breach of trust.

During the hearing, the Bhatts’ counsel argued that the matter was essentially civil in nature, involving disputes over film financing and production agreements. They contended that criminal proceedings were being misused to exert pressure, highlighting the couple’s cooperation with the investigation and willingness to participate in legal proceedings.

Also Read: NCP Leaders Meet Ajit Pawar's Wife After Funeral – Succession Talk Begins?

The Supreme Court observed that commercial disagreements should not automatically result in custodial detention. While granting bail, the court emphasised that the decision does not express an opinion on the merits of the case and that the investigation and trial will continue as per law. The bench also suggested exploring mediation as a potential way to resolve the underlying financial issues.

Earlier, Shwetambari Bhatt had received interim bail, which served as a precursor to Thursday’s order granting regular bail to both spouses. The couple’s release will be subject to conditions such as cooperating with the investigation and appearing before the trial court as required.

The ruling reinforces the Supreme Court’s stance that criminal law should not substitute for commercial dispute resolution. It underscores that while allegations will be examined in court, accused individuals should not face undue incarceration in cases arising primarily from contractual and financial disagreements.

Also Read: Jairam Ramesh Shares Nehru's Rare Apology Letter to Supreme Court Judge