Supreme Court grants 15-day interim bail to Unitech ex-promoter Sanjay Chandra
By LE Desk
New Delhi, June 4, 2021: The Supreme Court has granted 15-day interim bail to Unitech Ltd’s former promoter Sanjay Chandra today to attend the last rites of his father-in-law who expired this week.
A bench of Justices Indira Banerjee and M R Shah, hearing Chandra’s interim bail plea, said the court is giving him relief for 15 days, The Economic Times reported.
The bench declined to accept senior advocate Siddharth Dave’s request for extra time, saying Chandra should comprehend why the circumstances under which the court had earlier cancelled the interim bail.
The SC had on August 14 last year dismissed the bail plea of Chandra, who was a month earlier granted interim bail for 30 days on “humanitarian grounds” as both his parents had tested positive for COVID-19, and asked him to surrender within three days.
The SC had also dismissed the bail application of Chandra’s brother Ajay Chandra, who is in jail since August 2017.
Both Chandra brothers are accused of allegedly siphoning homebuyers’ money. The apex court in its October 2017 order had asked them to deposit Rs 750 crore with the apex court registry by December 31, 2017.
The Chandra brothers have claimed that they complied with the court’s conditions and they have deposited an amount in excess of Rs 750 crore and therefore they are granted regular bail.
The top court had noted that since the October 2017 order, significant events have taken place and the apex court had directed a forensic audit to be conducted by Grant Thornton.
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