The suggestion came after senior counsel Ranjit Kumar, appearing for Unitech, told the court the company could sell the flats in the 64 projects to raise money to refund the flat buyers. Amicus curiae (court's advisor) Pawan Shree Agrawal told the court that Rs 1,865 crore was needed to pay the flat buyers who want refunds.
Ranjit Kumar, appearing for Unitech, urged that Mr Chandra be granted bail for four to five weeks, adding that he would during this period submit plans for raising the money for refunding the flat buyers.
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.
For the latest News & Live Updates on Election Results from each assembly constituency in Madhya Pradesh, Rajasthan, Mizoram, Chhattisgarh, Telangana, like us on Facebook or follow us on Twitter for updates.