Interim bail denied to Unitech promoter Sanjay Chandra by Supreme Court


On Friday the Supreme Court of India refused to grant interim bail to Sanjay Chandra, the promoter of Real estate firm Unitech and ordered formation of an online portal having details about the home buyers who want possession of their flats and those who seek refund.

Unitech is consistently requesting for interim bail to Chandra. But, the bench including Chief Justice Dipak Misra, Justice DY Chandrachud and Justice AM Khanwilkar rejected the plea, said lawyer M.L. Lahoty who represents around thousand home buyers of Burgundy, Amber, Willows and Residences projects in Noida and Vistas project in Gurgaon.

Supreme Court earlier this month appointed advocate Pawanshree Aggrawal as amicus curiae to provide details of all the liabilities of Unitech Group till now.

Aggrawal has been entrusted by the court to form the portal as well today. The next date for the hearing of the case is September 21.

Lahoty said that considering the shortage of time, he feels that it would be very difficult to get all the home buyers’ data on the portal by September 21.

According to Lahoti, in around 74 Unitech projects across the country, around 15000 home buyers are facing delays at this moment. Out of them, 41 projects are located in the Delhi National Capital Region (NCR).

Earlier this month, The apex court assured the flat buyers that they will get the relief according to their choice —either allotment of flat or getting the money back.

Unitech already has deposited a sum of Rs 20 crore, as per the directions of the court in earlier orders.

Unitech Group promoters Sanjay Chandra and Ajay Chandra are seeking interim bail from the Supreme court after Delhi High Court on August 11 rejected their plea in a criminal case lodged by the home buyers of 2 Unitech’s Gurgaon project.

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