India, Dec. 28 -- In a major development in the Rs.30-crore fraud case involving filmmaker Vikram Bhatt, a Udaipur court on December 24 rejected the bail applications of Vikram and his wife, Shwetambari Bhatt. This marks the second time the court has denied their plea, citing the need for further investigation. The case arose from a complaint filed by Udaipur-based Dr Ajay Murdia, founder of the Indira Group of Companies, who accused the Bhatts and several associates of defrauding him of around Rs.30 crore. According to the complaint, the funds were invested with Vikram for the production of multiple films. Dr Ajay alleged he was promised returns between Rs.100 crore and Rs.200 crore; however, when the profits did not materialise, he approached the authorities. Investigators are currently examining financial transactions, contractual agreements, and the alleged misuse of funds, while continuing to question other individuals connected to the film projects. HTC...