India, Dec. 8 -- A recent decision by the Supreme Court to quash all criminal proceedings against the Sandesara brothers - Nitin and Chetan Sandesara, promoters of the Sterling Biotech group - has seized national attention. The order, based on a One-Time Settlement (OTS) of Rs 5,100 crore, carries significant implications for the prosecution of fugitive economic offenders and large-scale bank fraud.

The case originated from allegations of a multi-crore bank fraud (initially pegged at over Rs 5,383 crore in the FIR) involving loan defaults and money laundering, following which the Sandesara brothers fled India in 2017.

The Apex Court's November 19, 2025, order is strictly conditional. The Supreme Court agreed to drop all parallel actions...