Six days after the Supreme Court gave final clearance to quash all criminal proceedings against the promoters of Sterling Biotech Ltd, Chetan Jayantilal Sandesara and Nitin Sandesara, a Delhi court on Tuesday closed all cases against the brothers. The ruling ends cases linked to allegations of fraud and money laundering.
The Sandesara brothers, Chetan Jayantilal Sandesara and Nitin Sandesara, are promoters of Sterling Biotech Ltd. They faced allegations of fraud and money laundering by the Enforcement Directorate (ED). Following the Supreme Court's recent clearance to quash all proceedings, a Delhi court formally closed all cases against them on Tuesday.
The development was reported on December 24, 2025, exactly six days after the Supreme Court's decision. The allegations involved manipulating bank loans and concealing assets abroad. This court action provides relief to the involved parties, though investigations into financial irregularities may continue.
