New Delhi, Feb 19 (NationPress) The Supreme Court has granted regular bail to Bollywood filmmaker Vikram Bhatt and his wife Shwetambari concerning an alleged fraud case worth Rs 30 crore. The couple was arrested at their residence in Mumbai on December 7, 2025, following a complaint from a doctor in Udaipur, who accused them of defrauding him of significant sums under the guise of producing a film.

The court noted that the matter primarily arose from a commercial agreement between the involved parties, leading the Bench, led by the Chief Justice of India, to overturn the Rajasthan High Court’s prior decision from January 31, which had denied bail to the couple.

The judicial panel, including Justices Joymalya Bagchi and Vipul M. Pancholi, expressed optimism that both parties would engage in sincere attempts to amicably resolve their disputes and instructed them to attend the Supreme Court Mediation Centre for possible resolution.

“The regular bail has been granted with the expectation that the appellants will try and make efforts for the amicable resolution of the dispute,” stated the apex court.

Recently, the Supreme Court provided interim bail to Shwetambari Bhatt and ordered her immediate release upon fulfilling bail bond requirements as determined by the Chief Judicial Magistrate of Udaipur.

This interim relief was granted by a Bench led by the Chief Justice while it reviewed a special leave petition (SLP) contesting the Rajasthan High Court’s refusal to approve bail.

Previously, the Rajasthan High Court had denied bail to Vikram Bhatt, his wife, and another accused, citing that their release would be premature as the investigation was still ongoing.

An FIR was lodged on November 17 at Bhupalpura police station, Udaipur, against Vikram Bhatt and eight others by Dr. Ajay Murdia, who is associated with the Indira Group and Indira IVF.

The complainant alleged that the director and his team raised funds under the false pretense of producing a biopic based on his wife.

Dr. Murdia claimed he was initially introduced to the project by Dinesh Kataria and later met Vikram Bhatt at Vrindavan Studio, Mumbai. Bhatt purportedly assured him that an investment of Rs 7 crore could yield multiple films with an anticipated return of Rs 100-200 crore.

As a result, several transfers were made to various individuals associated with Bhatt's team, totaling Rs 2,45,61,400. Moreover, Indira Entertainment allegedly paid Rs 42,70,82,232, despite a total agreed production cost of Rs 47 crore.

The complaint further states that only two films were completed and released, with the third film, 'Vishwa Virat', only 25% finished, while the fourth film, 'Maharana-Ran', has yet to commence production.

Bhatt is accused of misappropriating Rs 25 crore allocated for the fourth film. The FIR also names Krishna Bhatt, Dinesh Kataria, Mehboob Ansari, Mudit Buttan, Gangeshwar Lal Srivastava, and Ashok Dubey as co-accused.