In Brief
A real estate developer was arrested in multiple FIRs across Uttar Pradesh and Delhi relating to the 'Grand Venice' project, with complaints alleging non-delivery of property units and siphoning of funds. The Supreme Court granted the petitioner bail on stringent conditions—including a ₹50 crore security deposit, passport deposit, and regular reporting—finding that successive FIRs in different jurisdictions for substantially similar allegations constituted a violation of fundamental rights. The Court stayed proceedings in Delhi FIRs pending final hearing, noting 72 complainants were common with parallel cases in Uttar Pradesh already under investigation by a Special Investigation Team.
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