Business Companies 23 Jan 2019 SC refuses bail to U ...

SC refuses bail to Unitech promoters Sanjay Chandra and Ajay Chandra

PTI
Published Jan 23, 2019, 4:58 pm IST
Updated Jan 23, 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.
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.
 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.

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.

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Location: India, Delhi, New Delhi




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