With this deposit, total recovery against the brothers, accused of defaulting on bank loans worth Rs 5,383 crore that now stands at Rs 9,799 crore (Image source: Sterling Biotech) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Fugitive businessmen Nitin and Chetan Sandesara have deposited Rs 5,100 crore with the Supreme Court registry, fulfilling the apex court’s condition for withdrawal of criminal charges against them, their spokesperson said on Thursday.

With this deposit, total recovery against the brothers, accused of defaulting on bank loans worth Rs 5,383 crore that now stands at Rs 9,799 crore. The siblings, whose companies spanned pharmaceuticals to energy, fled India in 2017 on Albanian passports and were among 14 designated fugitive offenders under a 2018 law.

See Full Page