SC Declines Unitech MD’s Interim Bail Plea, Again
New Delhi: The Supreme Court on Friday refused to yet again release Unitech MD Sanjay Chandra on interim bail and adjourned his plea for further hearing till later in the year. The court permitted amicus curiae Pawanshree Aggarwal to open a portal where home-buyers claiming their dues or possession of flats from Unitech could register their claims. All the dues owed to home-buyers and also others seeking possession of their flats and plots would be collected and submitted to the court before the court takes a call on his bail. His lawyer Abhimanyu Bhandari again sought bail from a three-judge bench led by Chief Justice Dipak Misra but was turned away. “Give me an opportunity to save them. Anyone claiming any dues, I will give. 95% of people want their flats. I have some 55 projects. I will submit a time line of six months within which I will hand over possession. Allow me to come out and run the company,” Bhandari said. He also offered to submit the details of all his projects and claimants saying there were fake claimants too.
The CJI did not, however, budge from his stand that there should be first a realistic assessment of the company’s assets and liabilities. Justice Misra gave more time to the amicus to complete the task of drawing up a list of projects and the home-buyers of Unitech.
At the last hearing too, the court had insisted that his bail plea would be taken after such a preliminary assessment. The bench had hinted that it may then set Chandra free on interim bail so that he can make periodic repayments of his dues as in the case of Sahara chief Subrata Roy.