The Supreme Court refused to grant interim bail to Unitech managing director Sanjay Chandra. The apex court said on Monday that if the real estate firm deposited Rs 750 crore by December, then it would be considered to give bail.
A bench headed by Chief Justice Deepak Mishra said that the money will be deposited with the top court’s registry. Use of this money will be used to return flat buyers seeking their money back. The hearing bench comprising Justice AM Khanwilkar and Justice DV Chandrachud was also involved. The bench ordered the officials of Tihar Jail to provide Chandra with the help of his company employees, investors and lawyers.
This will allow Chandra to arrange for the return of flat buyers and take measures to meet the under construction projects. Chandra is currently lodged in Tihar Jail. The next hearing of the case will be in the second week of January. Advocate advocate Pawan Shri Agarwal told the bench that the real estate firm needs around 2000 crores to complete the return of flat buyers and the project under construction. The apex court allowed Chandra to pay a bribe to the registry after depositing the money to the registry. Along with this, the court fixed the next hearing in the second week of January.
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