- Mr Chandra and his brother Ajay were arrested in April this year
- Flat buyers who did not get their flats had filed complaints against them
- Mr Chandra had earlier offered to sell his own house
Mr Chandra's lawyer pleaded with the court to allow him to work in his office and he is the only builder in jail whereas other builders are roaming free. Rejecting the bail plea, the court said: "When home buyers get their money or flats you (Sanjay Chandra) can be a free bird."
"Bail jurisprudence can't be applied in this case because there are 16,300 people waiting for their flats or their money," the court said.
Mr Chandra and his brother Ajay were arrested in April this year after flat buyers who did not get their flats as promised filed complaints of cheating against them. The Chandra brothers had moved the top court against the 11 August order of the Delhi High Court refusing to grant interim bail to them.
Today also Mr Chandra pleaded the Supreme Court to allow him to be out of jail for six months so that he can work in his office and arrange the money.
The Supreme Court was today informed by amicus curiae (court's advisor) Pawan Agarwal that out of 74 projects by Unitech, 13 were completed and 61 projects pending. He also told the court that 16,300 flat buyers are waiting for flats and the amount involved is Rs 7,860 crore. The Supreme Court said that Unitech flat buyers who want flats or refund of their money can log into www.amicusunitech.in and exercise their option. The website will be operational from tomorrow. (With Agency Inputs)