Lifestyle

Unitech promoters get bail but to remain in custody

[ecis2016.org] Although Unitech Ltd promoters Sanjay Chandra and Ajay Chandra, have been granted bail in a case of alleged fraud for their failure to deliver flats to home buyers, they will remain in police custody in connection with three other similar complaints

A Delhi court, on September 11, 2017, granted bail to the promoters of real estate firm Unitech Ltd, Sanjay Chandra and Ajay Chandra, in one of the many cases of alleged fraud committed by them, for not delivering flats to hassled home buyers. However, the Chandra brothers will remain in custody of the police till September 15, 2017, to be quizzed in connection with three similar complaints.

You are reading: Unitech promoters get bail but to remain in custody

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Additional Chief Metropolitan Magistrate Sandeep Garg granted bail to the Chandras, on a personal bond of Rs 50,000 each in the FIR lodged by an 85-year-old woman, alleging they had duped her of Rs 41 lakhs in the ‘Unitech Cascades’ housing project in Greater Noida in Uttar Pradesh. The court allowed the bail plea after the Chandras, through their counsel RK Gosain, said they were ready for a settlement through mediation and submitted a fixed deposit receipt of Rs 41.5 lakhs. This amount shall be paid to the complainant, once the matter is settled, the counsel said.

[ecis2016.org] SC assures refund or flats, to hassled home buyers of Unitech

A court had last week, sent them to seven-day police custody in connection with three FIRs, one of which alleged that they duped a man, who booked a flat in the company’s ‘Unitech Verve’ project in Greater Noida, of Rs 16.77 lakhs. Ram Narain Aggarwal, a retired government employee, alleged that the firm floated a residential project ‘Unitech Verve’ in 2006, in which he booked a flat. The apartment was scheduled to be delivered by December 2009, but he has not yet got its possession, he alleged. The other two FIRs also alleged non-delivery of flats to home buyers and fraud committed on them by promoters.

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The Chandras have been accused of offences under sections 120B (criminal conspiracy), 420 (cheating) and 406 (criminal breach of trust) of the IPC. Recently, the Supreme Court had refused to grant interim bail to the Chandra brothers till September 15, 2017, in one of its Gurugram-based projects, till the customers’ grievances were redressed.

It assured the troubled home buyers of refund of their investment or delivery of homes. In the last few years, several FIRs have been lodged against the Unitech top brass, for allegedly cheating home buyers by not delivering them properties purchased from their firm’s housing projects.

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle

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