SC refuses bail to Unitech promoters Sanjay Chandra and Ajay Chandra
23 Jan 2019 4:58 PM IST
The two had sought bail on the ground that they are complying with the apex court order and have deposited over Rs 400 crore.
The government had approached the NCLT to take over the management of Unitech alleging mismanagement and siphoning of funds by the management.
New Delhi: The Supreme Court on Wednesday refused bail to Unitech promoters Sanjay Chandra and Ajay Chandra in a case related to alleged siphoning of home-buyers' money.
A bench of Justices D Y Chandrachud and Hemant Gupta said they have not complied with its October 30, 2017 order which asked them to deposit Rs 750 crore with the apex court registry.
Lodged in Tihar jail for over one and half years, the two have sought bail on the ground that they are complying with the apex court order and have deposited over 400 crore.
They are seeking bail in a criminal case lodged in 2015 by 158 home buyers of Unitech projects' -- 'Wild Flower Country' and 'Anthea Project' -- in Gurugram.
( Source : PTI )
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