Supreme Court grants 15-day interim bail to Unitech Ex-promoter Sanjay Chandra

Jun 04 2021 04:28 PM
Supreme Court grants 15-day interim bail to Unitech Ex-promoter Sanjay Chandra

The Supreme Court on Friday granted 15-day interim bail to Unitech Ltd's former promoter Sanjay Chandra to attend the last rites of his father-in-law who expired this week.  A Bench of Justices Indira Banerjee and M.R. Shah, hearing Mr. Chandra's application for interim bail, said that the court is giving him relief for 15 days to attend the last rites.

The Bench declined to accept the submission of senior advocate Siddharth Dave for some more time and said that Mr. Chandra should understand the circumstances under which the court had earlier cancelled the interim bail.

On August 14 last year, the Apex court had dismissed the bail appeal of Mr. Chandra, who was a month earlier granted interim bail for one month on "humanitarian grounds" as both his parents had tested positive for COVID-19, and asked him to surrender within three days.

The Supreme court had also dismissed the bail application of Chandra’s brother Ajay Chandra, who is in jail since August 2017. Both Sanjay and Ajay are accused of allegedly siphoning homebuyers' money. The top court in its October 2017 order had asked them to deposit ₹750 crore with the apex court registry by December 31, 2017.

The top court had noted that since the October 2017 order, significant events have taken place and the apex court had directed a forensic audit to be conducted by Grant Thornton.

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