The Supreme Court granted interim bail on medical grounds to Amar Sadhuram Mulchandani, ex-chairman of Seva Vikas Cooperative Bank, in a fraud case involving Rs 429 crore. Mulchandani, arrested last year, is accused of large-scale fraud and misappropriation. The bank's collapse and license cancellation followed massive NPA and irregular practices. Mulchandani's assets were provisionally attached by the agency.
