Bail to Unitech MD Only Post De­posit: SC

The Economic Times - - Economy: Macro, Micro & More -

The Supreme Court on Mon­day said it will con­sider grant­ing bail to Unitech Ltd man­ag­ing di­rec­tor San­jay Chan­dra af­ter the em­bat­tled real es­tate firm de­posits .₹ 750 crore by De­cem­ber end. A bench headed by Chief Jus­tice Di­pak Misra said the money, to be de­posited in the apex court reg­istry, will be used in fa­cil­i­tat­ing re­fund to the home buy­ers who want their money back. The bench, also com­pris­ing jus­tices A M Khan­wilkar and D Y Chan­drachud, asked the au­thor­i­ties of Ti­har jail, where Chan­dra is presently lodged, to fa­cil­i­tate his meet­ing with his com­pany of­fi­cials, fi­nanciers and lawyers so that he could ar­range the money for re­fund­ing the home buy­ers as well as for com­plet­ing the on­go­ing hous­ing projects.


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