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SC refuses to grant interim bail to Unitech promoter

ANI  |  New Delhi [India] 

The Supreme on Friday refused to grant interim bail to Unitech's Managing Director Sanjay Chandra in connection with alleged case related to delaying housing projects in and Gurugram.

The apex court, three judge bench, headed by Chief Justice of (CJI) Dipak Misra, , Justices A. M. Khanwilkar and D. Y Chandrachud also directed the real estate company to file a detailed list of homebuyers who want possession of flats in Unitech group projects and those seeking refund of their money.

The next hearing on the matter will take place on September 21.

Several home buyers had knocked the doors of the apex seeking a direction to the real estate for getting timely possession and compensation of their flats.

The top is hearing various project-related matters involving Unitech.

Unitech and its promoters have been in news for the wrong reasons.

In February, the Supreme asked Unitech to pay interest to 39 flat buyers who chose to withdraw after the builder's failure to deliver flats as promised.

The matter concerned the owners who booked flats in Unitech's Vistas project in Gurugram in Haryana.

In April, a Delhi granted a three-month interim bail to Ajay Chandra and Sanjay Chandra who were arrested in a case relating to a Gurugram-based real estate project. Additional Sessions Judge Raj Kapoor granted the relief to the Chandras on a personal bond of Rs 70 lakh each and one surety of like amount.

However hours after the bail, Sanjay Chandra and Ajay Chandra were taken into custody by Gurgaon Police in connection with other cases registered against them.

Sanjay Chandra is accused of duping buyers who had booked flats in his real-estate project in Greater

Home buyers had accused Unitech of not completing the project and non-payment of their money along with interest.

Allegations are also that Sanjay Chandra fraudulently took money from his clients and parked it in a shell company, thereby laundering it abroad.

Earlier, Sanjay Chandra was arrested by the Central Bureau of Investigation (CBI) in the 2G trial.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 18:32 IST
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