SC grants interim bail to former chairman of Pune Cooperative bank

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The story "SC grants interim bail to former chairman of Pune Cooperative bank" was covered 6 hours ago by Business Standard, a news publisher based in India.

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SC grants interim bail to former chairman of Pune Cooperative bank - Business Standard

Quick Summary:

A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra gave relief to Amar Sadhuram Mulchandani, the ex-chairman of the Seva Vikas Cooperative Bank, after taking note of his medical condition.

The Supreme Court on Monday granted interim bail on medical grounds to former chairman of a Pune-based cooperative bank in a case linked to alleged fraud and misappropriation of funds of the lender worth Rs 429 crore.

The top court perused a report filed by a board of four expert doctors of the J J Hospital, Mumbai.