SC warns Nowhera Shaik of cancellation of bail if Rs. 25 Crore not deposited

Nowhera Shaik & Anr. Vs Union Of India & Ors. (Supreme Court of India) Supreme Court granted final warning to Nowhera Shaik to deposit Rs. 25 Crore for continuation of bail. In case the amount is not deposited within 3 months, the bail shall stand automatically cancelled. Facts- Present matter involves Nowheira Shaik who is executive Chairperson and Founder of the Heera Group. He is accused to have been involved in cheating various investors. Accordingly, to refund the investors ED had attached 96 properties. Today when the matter was taken up for further hearing Mr. Sibal, the learned...