{"id":166264,"date":"2017-10-30T21:12:40","date_gmt":"2017-10-30T15:42:40","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=166264"},"modified":"2017-11-02T12:42:34","modified_gmt":"2017-11-02T07:12:34","slug":"sc-unitech-md-sanjay-chandra-deposit-rs-750-cr-december-end-stay-jail","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/10\/30\/sc-unitech-md-sanjay-chandra-deposit-rs-750-cr-december-end-stay-jail\/","title":{"rendered":"SC to Unitech MD Sanjay Chandra: Deposit Rs. 750 Cr by December-end or stay in jail"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Supreme Court<\/strong>: Refusing to release Sanjay Chandra and Ajay Chandra, involved in the Unitech Flats controversy as alleged by the home-buyers, the 3-judge bench of Dipak Misra, CJ and AM Khanwilkar and Dr CY Chandrachud, JJ held that the petitioners will be granted bail only if they deposit a sum of Rs.750 crores in the Registry of this Court by the end of this year which shall be kept in an interest earning fixed deposit.<\/p>\n<p style=\"text-align: justify;\">Amicus curiae Pawan Shree Agrawal submitted before the Court that he has got the information from the home buyers that some of them intend to have flats and some of them want the amount refunded and that the amount that is computed for refund at present may go above Rs.2000 crores.<\/p>\n<p style=\"text-align: justify;\">Senior advocate Ranjit Kumar and advocate Abhimanyu Bhandari, appearing for petitioners, submitted that if they are allowed liberty they would monetise their assets and would be able to complete the projects so that the home buyers who intend to have possession can be satisfied.<\/p>\n<p style=\"text-align: justify;\">The Court, hence, directed that the petitioners can arrange the money by executing appropriate documents within a fixed period. However, the counsels appearing on behalf of the petitioners submitted that the petitioners were not allowed to meet the lawyers more than once a week and that too without papers. The Court, hence, directed the jail authorities to facilitate the meetings of the petitioners with their officers\/officials\/employees at such intervals as may be intimated by the petitioners. It also directed that the video conferencing facility be made available to the petitioners within the visiting hours so that they shall be in a position to negotiate. The Court, however, made clear that the petitioners are only entitled to negotiate in respect of unencumbered properties or assets.<\/p>\n<p style=\"text-align: justify;\">The Court also asked amicus curiae to create a portal where the persons who have invested with Unitech by way of fixed deposits shall give the requisite information. However, the home buyers who have already expressed their option in the portal made by the learned amicus curiae shall not put in anything by which their option will be changed.<\/p>\n<p style=\"text-align: justify;\">The matter will now be taken up \u00a0in the second week of January 2018. [Sanjay Chandra v. State Govt. of NCT of Delhi,\u00a0 <a href=\"http:\/\/www.scconline.com\/DocumentLink\/3PPAw92V\">2017 SCC OnLine SC 1260<\/a>, order dated 30.10.2017]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supreme Court: Refusing to release Sanjay Chandra and Ajay Chandra, involved in the Unitech Flats controversy as alleged by the home-buyers, the <\/p>\n","protected":false},"author":121,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[2664,10141,24474,24464],"class_list":["post-166264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-Bail","tag-fraud","tag-sanjay-chandra","tag-unitech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - 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positive","author":"Prachi Bhardwaj","date":"July 8, 2020","format":false,"excerpt":"Supreme Court: The bench of Dr. DY Chandrachud and MR Shah, JJ has granted bail to former Unitech MD Sanjay Chandra after he told the Court that both his parents, who are 81 years and 78 years of age respectively, have tested positive for Covid-19 and have been hospitalised. Senior\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":298602,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/08\/04\/supreme-court-refuses-interference-bail-unitech-promoter-wife-preeti-chandra\/","url_meta":{"origin":166264,"position":1},"title":"Money Laundering Case | Supreme Court refuses to interfere with bail to Unitech Promoter&#8217;s wife Preeti Chandra","author":"Ridhi","date":"August 4, 2023","format":false,"excerpt":"Delhi High Court had granted bail to Preeti Chandra through order dated 14-06-2023.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"preeti chandra","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/preeti-chandra.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/preeti-chandra.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/preeti-chandra.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/preeti-chandra.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":80041,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/19\/property-developer-has-to-respect-the-contractual-commitment-so-that-the-people-who-dream-of-houses-can-repose-faith-in-him\/","url_meta":{"origin":166264,"position":2},"title":"Property developer has to respect the contractual commitment so that the people who dream of houses can repose faith in him","author":"Prachi Bhardwaj","date":"October 19, 2016","format":false,"excerpt":"Supreme Court: Stating that a property developer has to respect the contractual commitment, the 3-Judge Bench of Dipak Misra, Amitava Roy and A.M. Khanwilkar, JJ said that the developer has to live up to the terms of the contract and gain trust so that the people who dream of houses\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":292509,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/supreme-court-considers-medical-condition-grants-bail-under-ndps-act-legal-news\/","url_meta":{"origin":166264,"position":3},"title":"Supreme Court considers medical condition; grants bail under NDPS Act","author":"Ridhi","date":"May 18, 2023","format":false,"excerpt":"The Supreme Court observed that the petitioner was on a ventilator earlier but was discharged due to non-availability of proper medical treatment in the prison.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"bail under ndps act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/bail-under-ndps-act.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/bail-under-ndps-act.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/bail-under-ndps-act.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/bail-under-ndps-act.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":270467,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/21\/tihar-jail-crime-syndicate-supreme-court-directs-conman-sukash-chandra-to-reveal-names-of-persons-involved-in-rs-200-crores-extortion-case\/","url_meta":{"origin":166264,"position":4},"title":"Tihar Jail Crime Syndicate| Supreme Court directs conman Sukash Chandra to reveal names of persons involved in Rs. 200 crores extortion case","author":"Editor","date":"July 21, 2022","format":false,"excerpt":"Supreme Court: In a highly controversial extortion case of about Rs. 200 crores in Delhi's Tihar jail, the 3-judge Bench of Uday Umesh Lalit, S. Ravindra Bhat, and Sudhanshu Dhulia, JJ., has directed conman Sukash Chandra to reveal names of the persons involved in the alleged crime syndicate. The petitioner,\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-13.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-13.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-13.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-13.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-13.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":265509,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/16\/person-accused-of-defrauding-government\/","url_meta":{"origin":166264,"position":5},"title":"Person accused of defrauding Government: Will Del HC grant bail to the accused? Read on","author":"Bhumika Indulia","date":"April 16, 2022","format":false,"excerpt":"Delhi High Court: Prateek Jalan, J., grants bail to a person who was alleged to cause fraudulent transactions and loss to the government. An applicant sought bail for offences registered under Sections 420, 468 and 471 of the Penal Code, 1860. 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