New Delhi, April 2 -- The Supreme Court on Thursday cancelled the bail it had earlier granted to the promoter of Bhasin Infotech and Infrastructure Private Limited (BIIPL), Satinder Singh Bhasin, in the case pertaining to alleged non-delivery of units and funds syphoning linked to the "Grand Venice" project in Greater Noida.

A bench of Justices Sanjay Karol and N Kotiswar Singh reasoned that Bhasin had not complied with the conditions it imposed on him while granting him bail earlier in November 2019. Thus, it cancelled his bail and gave him one week to surrender to authorities.

Accordingly, the conduct of the petitioner, as emerging at this stage, is not fully consistent with the obligations attached to the grant of bail.

"The cumulat...