The Supreme Court on August 5, 2025, revoked the bail of former Dewan Housing Finance Corporation Limited (DHFL) promoter Dheeraj Wadhawan in a multi-crore bank loan scam, ordering him to surrender within two weeks. The decision, delivered by Justices Sanjay Kumar and Satish Chandra Sharma, follows a review of a medical board’s report, overturning the Delhi High Court’s September 2024 bail grant on medical grounds.

The Central Bureau of Investigation (CBI), represented by Additional Solicitor General S V Raju, argued that Wadhawan, 45, had no serious ailments and was accused of siphoning off substantial funds. Raju had previously claimed Wadhawan used “money bags” to secure medical reports from private hospitals, a contention that swayed the court.

Dheeraj and his brother Kapil Wadhawan, former DHFL chairman, were arrested in July 2022 for allegedly defrauding a 17-bank consortium led by Union Bank of India of Rs 42,871.42 crore. The CBI’s chargesheet, filed in October 2022, alleges the brothers falsified DHFL’s books, defaulted on repayments, and caused a Rs 34,615 crore loss to lenders by July 2020.

The Supreme Court’s ruling aligns with its January 2024 decision to cancel the brothers’ earlier statutory bail, citing the timely filing of the chargesheet within the 90-day period, which nullified their claim to default bail under the Code of Criminal Procedure. The court directed the trial court to reconsider regular bail afresh, signaling a tougher stance on the high-profile case.

Wadhawan’s surrender marks a significant step in the ongoing probe into one of India’s largest banking frauds, with the CBI intensifying efforts to hold the accused accountable

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