The Supreme Court has granted bail to Neeraj Singal, former promoter of Bhushan Steel, after he spent 16 months in jail related to a ₹46,000-crore money laundering case. The court expressed concerns about the prolonged incarceration and the delay in the trial process, noting that it must prioritize liberty when trials are unduly delayed. It also criticized the Enforcement Directorate for procedural lapses during Singal's arrest. Singal is required to surrender his passport and cannot leave India without the court's permission, with potential repercussions for any violations. He had previously appealed a January 8 decision from the Delhi High Court that denied his bail and challenged the ED's actions. The ED alleged Singal's involvement in a significant banking fraud that resulted in extensive public financial loss.