Facebook Pixel Code

Gurugram property fraud case: Unitech promoter Sanjay Chandra fails to get bail

Sanjay Chandra and his brother Ajay Chandra have moved the apex court against the August 11 order of the Delhi High Court that refused to grant interim bail to them and rather asked them to file status report.

Unitech promoter Sanjay Chandra, Unitech promoter Sanjay Chandra bail, Unitech promoter Sanjay Chandra refuses for interim bail, Gurugram property fraud case
A bench headed by Justice Dipak Misra has asked Sanjay Chandra to file the status report before it heard its interim bail plea. (Source: IE)

Refusing to grant interim bail to real estate firm Unitech’s promoter Sanjay Chandra in a fraud case relating to a Gurugram-based project, the Supreme Court on Wednesday asked him to file a list of buyers who have been refunded the money they had invested in its different projects and how many of them have been allotted alternate flats. A bench headed by Justice Dipak Misra has asked Chandra to file the status report before it heard its interim bail plea. It also posted the matter for further hearing on Friday.

Sanjay Chandra and his brother Ajay Chandra have moved the apex court against the August 11 order of the Delhi High Court that refused to grant interim bail to them and rather asked them to file status report.

Five buyers of the Unitech’s Anthea Floors Wildflower Country project led by Delhi residents led by Arjun Bedi and others had filed a complaint for registration of FIR against the company in 2015. Later, 90 more complaints were received against the firm for the same project which were clubbed with the FIR.

Almost after two years, the Economic Offences Wing (EOW) of the Delhi Police had arrested the real estate investment company’s both managing directors for failing to complete the housing project on time in Gurugram’s Sector 70. The police had also restrained them from getting bail in the matter, according to the petition. They were booked under section 406, 409 (breach of trust), 420 (cheating) and 120 (b) (concealing criminal offence) of the Indian Penal Code.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 17-08-2017 at 04:56 IST
Market Data
Market Data
Today’s Most Popular Stories ×