New Delhi (PTI): The Supreme Court on Friday granted bail to filmmaker Vikram Bhatt's wife Shwetambari Bhatt in a multi-crore rupees cheating case.
The top court also sought responses of Rajasthan Police and complainant Ajay Murdia, founder of Indira IVF and Fertility Centre and a resident of Udaipur, by February 18 and said it may consider a day after the bail plea of filmmaker Vikram Bhatt.
Murdia alleged in his complaint that Bhatt and his wife induced him to invest over Rs 30 crore in a biopic of his late wife, promising high returns.
A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the submissions of senior advocate Mukul Rohatgi, appearing for the Bhatts, and ordered forthwith release of Shwetambari Bhatt from Udaipur jail.
The bench asked the Chief Judicial Magistrate of Udaipur to pass the bail order delineating the terms and conditions for her release.
The top court also issued notices to complainant Ajay Murdia, the founder of Indira IVF and Fertility Centre and a resident of Udaipur, and the Rajasthan government for February 19.
Rohatgi said the director and his wife and others have been put behind bars.
"It is not so simple... Rs 30 crore fraud," the counsel for the state government said.
"But, you cannot use these cases to recover money," the bench said, adding that the complainant be also made a party to the petition.
"Unfortunately, they (petitioners) have not sought quashing of the FIR… How Rajasthan has been chosen? Very unfortunate," the bench said.
On January 31, the Rajasthan High Court rejected their bail applications in the cheating case.
The two have been in jail since December 7, 2025, when they were arrested in Mumbai and brought to Udaipur.
While rejecting their bail, the high court observed that granting bail to the accused at this stage would not be appropriate.
Vikram Bhatt was arrested after Murdia filed a complaint of cheating and criminal breach of trust against the filmmaker, his wife Shwetambari Bhatt and others, alleging that funds taken in the name of a film project were misappropriated.
The complaint has alleged that funds to the tune of Rs 30 crore were misappropriated. The complaint alleged that the Bhatts prepared fake bills under various names and got money transferred from the complainant.
The money was supposed to be for making films for the complainant, but was allegedly deposited into the accused's own accounts and used by them.
Apart from Vikram and his wife, Udaipur-based Dinesh Kataria and Bhatt's manager, Mehboob Ansari, were also arrested by Rajasthan Police on December 7, 2025.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
India says no payment issues with Iran, crude supplies fully secured
New Delhi (PTI): India said on Saturday that there are no payment issues with Iran for crude imports and that refiners continue to source oil from the country, as well as from a wide range of global suppliers.
In a post on X, the Ministry of Petroleum and Natural Gas dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India, which would have marked the first such shipment in nearly seven years, to China, saying the claims overlooked standard industry practice where cargoes can change destination during transit based on trade optimisation and operational flexibility.
Terming as "factually incorrect" assertions that the cargo was diverted from its previously indicated destination of Vadinar in Gujarat to China due to payment hurdles, the ministry said, "there are no payment hurdles for Iranian crude imports".
"India imports crude oil from 40+ countries, with companies having full flexibility to source oil from different sources and geographies based on commercial considerations," it said.
"Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran, and there is no payment hurdle for Iranian crude imports, contrary to the rumours being circulated."
Ship-tracking firm Kpler on Friday stated that Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week.
Oil on Ping Shun would have been the first Iranian crude that India would have purchased since 2019. Indian refiners have been looking at opportunities to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington.
The ministry clarified that changes in vessel destinations during transit are common in global oil trade, as bills of lading often indicate tentative discharge ports and cargoes may be rerouted mid-voyage for operational and commercial reasons.
"Claims on vessel diversion ignore how the oil trade works. Bills of Lading often carry indicative discharge ports, destinations and on-sea cargoes can change destinations mid-voyage based on trade optimisation and operational flexibility," the ministry said.
"It is reiterated that India's crude oil requirements remain fully secured for the coming months."
The ministry also said that an LPG vessel, Sea Bird, carrying about 44,000 tonnes of Iranian LPG, berthed at Mangalore on April 2 and is currently discharging cargo.
Historically, India was a major buyer of Iranian crude, importing significant volumes of Iranian light and heavy grades due to strong refinery compatibility and favourable commercial terms.
Following sanctions tightening in 2018, imports ceased in May 2019, with volumes replaced by Middle Eastern, US and other grades. At peak, Iranian crude accounted for 11.5 per cent of India's total imports.
India used to buy 5,18,000 barrels per day of Iranian oil in 2018, which slowed to 2,68,000 bpd between January and May 2019 when the US granted waivers to a few buyers. There have been no imports since.
The key grades that Indian refiners used to purchase are Iran light and Iran heavy crudes.
The US last month waived sanctions on the purchase of Iranian oil at sea for 30 days in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran.
That window expires April 19. An estimated 95 million barrels of Iranian oil are on vessels at sea, of which around 51 million barrels could be sold to India, and the remaining are better suited for buyers in China and Southeast Asia.
Ping Shun is estimated to be carrying about 6,00,000 barrels of oil that was loaded from Kharg Island around March 4. Its declared ETA to Vadinar was April 4, according to Kpler.
