Delhi HC Ordered Transfer of ₹65.9 Crore to Canada Govt From Indian Bank Accounts of Convict

The Delhi High Court ordered IndusInd Bank and RBL Bank to transfer ₹65.9 crore from Indian accounts owned by Sanjay Madan and Vidhan Madan to the Canadian government.

Sanjay Madan was sentenced in Canada for fraud and money laundering and agreed to repay the fraudulent amount of ₹290 crore.

The court, citing Section 84 of the 1908 CPC, froze their accounts, with limited exceptions for remittance and legal expenses.

The banks were directed to complete KYC formalities and submit asset disclosures within two weeks, halting account transactions until the case is resolved, and requiring Sanjay Madan and Vidhan Madan to produce a full disclosure of assets in India.