Thursday, March 28, 2024
Advertisement
  1. You Are At:
  2. News
  3. India
  4. SC declines Unitech MD Sanjay Chandra's interim bail plea

SC declines Unitech MD Sanjay Chandra's interim bail plea

Urging the court to grant interim bail, the lawyer for Sanjay Chandra said that they want to balance the interest of the flat buyers before the court with that of others. He said that 95 per cent of thee people want flats.

IANS Reported by: IANS New Delhi Published on: September 16, 2017 15:50 IST
SC declines Unitech MD Sanjay Chandra's interim bail plea
SC declines Unitech MD Sanjay Chandra's interim bail plea

The Supreme Court has declined, for now, the realty major Unitech's Managing Director Sanjay Chandra's interim bail plea. The bench of Chief Justice Dipak Misra, Justice AM Khanwilkar and Justice DY Chandrachud on Friday said that amicus curiae Pawan Shree Agrawal would create a portal having all the details on Unitech's projects including the home buyers who want the possession of the flats and those seeking the refund of their money.

Urging the court to grant interim bail, the lawyer for Sanjay Chandra said that they want to balance the interest of the flat buyers before the court with that of others. He said that 95 per cent of thee people want flats.

Agrawal told the court that of the nine projects examined by him, there were 4,000 flat buyers with an investment of Rs 1,800 crore and that Unitech, in all, has 74 projects.

The court directed the next hearing of the matter on September 21.

Chandra and his brother Ajay were arrested in April this year after investors who did not get their flats as promised filed complaints of cheating against them.

They were sent to judicial custody after the trial court refused to extend the three months interim bail granted to them in April.

The Delhi High Court too refused to extend the interim bail that came to an end on August 10.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from India

Advertisement
Advertisement
Advertisement
Advertisement