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  1. Antha project, Gurugram: Big setback for Unitech MD Sanjay Chandra, SC says deposit another Rs 5 cr

Antha project, Gurugram: Big setback for Unitech MD Sanjay Chandra, SC says deposit another Rs 5 cr

In order to consider his bail plea on September 8, the Supreme Court on Friday asked Unitech Managing Director Sanjay Chandra to deposit another Rs 5 crore in the court.

By: | Updated: September 1, 2017 9:40 PM
Sanjay Chandra, Supreme Court on Sanjay Chandra, Unitech MD, Unitech Managing Director, Sanjay Chandra bail plea, Antha project, Antha project in Gurgaon The money deposited with the top court registry office would be disbursed amongst the 158 flat buyers of Antha project in Gurugram on a pro rata basis. (Image: PTI)

In order to consider his bail plea on September 8, the Supreme Court on Friday asked Unitech Managing Director Sanjay Chandra to deposit another Rs 5 crore in the court. According to IANS, the bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar, and Justice D.Y. Chandrachud noted that Rs 15 crore, as directed in the last hearing on August 24, has been deposited with the top court registry. However, the apex court which is scheduled to hear the bail plea on Friday also mentioned that Chandra would also be granted interim bail limited to a certain period.

The money deposited with the top court registry office would be disbursed amongst the 158 flat buyers of Antha project in Gurugram on a pro rata basis. SC has also asked senior council ML Lahoty to submit the list of 125 flat buyers of the Vistas, Burgundy and Amber projects. These buyers are yet to get possession of their flats.

The list which will be submitted by the senior council would then be provided to the authorised agent of the builder to get it verified by Wednesday. The list would also be considered as a factor during hearing of bail plea on September 8, said the court.

The court also asked the 125 flat buyers to pay the remaining amount as per their flat agreements and the issuance of occupancy certificate would be taken into consideration later.

Chandra has sought for an interim bail for three months and has also stated that he would sell his house to settle the dues of the flat buyers who are now seeking refunds.

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. Both of them were sent to judicial custody earlier this month. A 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 end on August 10.

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