Panchkula, Jan. 16 -- A CBI court in Panchkula has convicted two private companies of the SRS Group and six individuals in a major bank fraud case involving Rs.152 crore, sentencing them to rigorous imprisonment and imposing fines.

In its order dated January 13, 2026, the court sentenced M/s SRS Real Infrastructure Ltd. and M/s SRS Real Estate Ltd., along with their directors Rajesh Singla, Anil Jindal, Bishan Bansal, Nanak Chand Tayal, Seema Narang and Dheeraj Gupta.

The court imposed a fine of Rs.50,000 on the two companies. Among the individuals, Rajesh Singla and Anil Jindal were sentenced to five years' rigorous imprisonment (RI) with a fine of Rs.1.2 lakh. Bishan Bansal and Nanak Chand Tayal were awarded five years' RI with a fine...