The Supreme Court has granted interim bail to Bollywood filmmaker Vikram Bhatt and his wife Shwetambari in connection with a Rs 30 crore fraud case. The couple was arrested from their Mumbai residence on December 7, 2025, and taken to Rajasthan following a complaint by a Udaipur-based doctor.
Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi directed the immediate release of the couple and scheduled a hearing for February 19. Earlier, the Rajasthan High Court had denied bail to Vikram Bhatt, his wife, and another accused in the fraud case, citing ongoing investigations.
The fraud case stems from an FIR filed on November 17 at Bhupalpura police station, Udaipur, by Dr. Ajay Murdia against Vikram Bhatt and eight others. Allegations include funds being collected under the guise of producing a biopic.
Dr. Murdia claimed he was promised substantial returns on an investment for film production. However, only two films were completed and released, with the third film at 25% completion and the fourth yet to begin. Bhatt is accused of misappropriating Rs 25 crore intended for the fourth film.
The FIR also names other individuals associated with the case, including Krishna Bhatt, Dinesh Kataria, Mehboob Ansari, Mudit Buttan, Gangeshwar Lal Srivastava, and Ashok Dubey. Investigations are ongoing, with the matter set for further hearing in the Supreme Court on February 19.
