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	<title>Investor Complaints &#8211; News Analysis India</title>
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		<title>Grand Venezia Scam: Investors Demand Action as Promoter Skips Court Deadline</title>
		<link>https://newsanalysisindia.com/india/grand-venezia-scam-investors-demand-action-as-promoter-skips-court-deadline/</link>
		
		<dc:creator><![CDATA[News Analysis India]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 16:11:35 +0000</pubDate>
				<category><![CDATA[India]]></category>
		<category><![CDATA[Grand Venezia Scam]]></category>
		<category><![CDATA[Greater Noida Fraud]]></category>
		<category><![CDATA[Investor Complaints]]></category>
		<category><![CDATA[Lookout Circular]]></category>
		<category><![CDATA[Non-bailable warrant]]></category>
		<category><![CDATA[Real Estate Fraud]]></category>
		<category><![CDATA[Satendra Singh Bhasin]]></category>
		<category><![CDATA[Supreme Court petition]]></category>
		<guid isPermaLink="false">https://newsanalysisindia.com/?p=131262</guid>

					<description><![CDATA[Greater Noida&#8217;s beleaguered Grand Venezia housing project has plunged deeper into crisis, with investors filing an urgent Supreme Court plea against promoter Satendra Singh Bhasin for contempt of court. The&#8230;]]></description>
										<content:encoded><![CDATA[<p>Greater Noida&#8217;s beleaguered Grand Venezia housing project has plunged deeper into crisis, with investors filing an urgent Supreme Court plea against promoter Satendra Singh Bhasin for contempt of court. The multi-crore fraud case, simmering for years, now hinges on Bhasin&#8217;s refusal to surrender as ordered.</p>
<p>On April 2, the apex court revoked Bhasin&#8217;s bail, citing his non-cooperative stance, and directed him to surrender within a week. Undeterred, he requested more time, only for the court to deny it outright, pushing the final deadline to April 9.</p>
<p>Yet, as per the investors&#8217; petition, Bhasin remains at large, neither presenting himself to police nor the judiciary. This blatant disregard has sparked outrage, with petitioners accusing him of exploiting every procedural delay to evade accountability.</p>
<p>The filing doesn&#8217;t spare the authorities either, questioning UP police&#8217;s lethargy in executing the mandate. Amid rising panic, investors fear an international flight, demanding a lookout notice alongside a non-bailable arrest warrant.</p>
<p>Further allegations include Bhasin&#8217;s omission of key FIR details from Delhi and UP in court submissions, suggesting a calculated cover-up. This long-drawn saga underscores the vulnerabilities in India&#8217;s realty sector, where ambitious projects often crumble under promoter malfeasance.</p>
<p>Investors seek swift intervention to force compliance, hoping to set a precedent that deters future scams. As hearings loom, the spotlight intensifies on whether the judiciary will clamp down decisively.</p>
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