SC declines Unitech MD’s interim bail plea

New Delhi, Sep 15 (IANS) The Supreme Court on Friday declined realty major Unitech’s Managing Director Sanjay Chandra’s interim bail plea.

The bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y.Chandrachud said that amicus curiae Pawan Shree Agrawal would create a portal having all the details on Unitech’s projects including the home buyers who want the possession of the flats and those seeking the refund of their money.

Agrawal told the court that of the nine projects examined by him, there were 4,000 flat buyers with an investment of Rs 1,800 crore.

The court directed the next hearing of the matter on September 21.

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.

They were sent to judicial custody last week after the 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 an end on August 10.