SC denies interim bail to Unitech MD yet again, asks home buyers to register claims within 3 weeks


The interim bail plea of Unitech MD Sanjay Chandra was rejected yet again on Thurday by the apex court, giving more importance to homebuyer’s interests than the jailed builder’s freedom.  This is the third time in a month that Chandra’s bail plea has turned down by the court.


 Advocate Pawanshree Aggrawal, the amicus curiae appointed for the case, informed the Supreme Court that Unitech has yet to deliver 16,299 flats worth Rs 7,816 cr to homebuyers. The court asked the homebuyers to register their claims for flats or money back within three weeks on the website The next date of hearing has been scheduled for October 23.


“We have to balance between the tears of 16,300 homebuyers and one person’s tears and freedom,” said a bench led by Chief Justice Dipak Mishra. 


Chandra was also admonished that a court receiver will be appointed and Unitech projects auctioned if the company fails to deliver flats or pay those homebuyers wanting a refund, fed up with the interminable delay. 

Written by The Realty Paper

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