Unitech’s Chandra brothers denied bail, face police grilling

16 Sep 2017


The Supreme Court on Friday refused to grant interim bail to Unitech Ltd managing directors, brothers Sanjay Chandra and Ajay Chandra, in an alleged forgery case filed by home buyers of its Gurugram-based Anthea Floors Wildflower Country project.

A bench led by Chief Justice of India Dipak Misra said the bail applications will be considered only after the data of home buyers seeking refund or possession of flats is collated.

''You have created a situation for yourself,'' CJI Misra observed when the Chandras' counsel Abhimanyu Bhandari asked for an ''opportunity to save home buyers''.

''You have to furnish every detail about all the projects to the amicus who shall collate the data about the home buyers seeking refund, flats or plots, so that we have a complete clear picture,'' the bench told the counsel.

The apex court also asked advocate Pawan Shree Agrawal, amicus curiae, to collect the details. The judges also permitted home buyers to submit data on a designated portal.

In a related case, a Delhi court allowed the police to interrogate in custody the Chandra brothers, promoters of the real estate firm Unitech, for four days for allegedly duping a home buyer of Rs27.33 lakh in one of its Noida housing projects.

Metropolitan Magistrate Prabh Deep Kaur remanded the brothers to police custody till 19 September after the Delhi Police sought their custodial interrogation in the case, alleging that they duped south Delhi resident Harjeet Narang of Rs27.33 lakh in housing project 'Unihomes Phase 2' in Noida, Uttar Pradesh.

Chandra brothers were produced after the expiry of their custody in connection with three other First Information Reports relating to non- delivery of flats to buyers. They were sent to judicial custody in these matters after police did not seek their further remand.

In the Supreme Court, the amicus curiae told the bench that he has so far come to know about 55 projects of the company and in nine of these, an estimated Rs1,800 crore has been paid by about 4,000 home buyers to Unitech. ''We are currently looking at 17,000 flat buyers in 74 projects of the company. We need time to collate the data and give the complete picture to the court,'' he argued.

He added that a portal will be ready by 21 September, the date of the next hearing. ''Once the portal starts working, buyers will get a 15-days window to punch in and upload all the details,'' he said.

Agrawal said he was able to collate data ''partially'' for just two projects - Anthea Floor Wildflower Country and Vistas. Buyers in the Anthea project (which has not yet started construction) have paid Rs188 crore to the developer and have demanded 100 per cent refund while most buyers of Vistas have demanded possession of flats, he said.

''Projects where construction is at advance stages, buyers are not going for refunds,'' he added.

There are around 74 projects of Unitech across the country, accounting for more than 15,000 home buyers who have not got posession. Of these, 41 projects are located in the National Capital Region.

Five buyers of Unitech's Anthea Floors Wildflower Country project, including Delhi residents led by Arjun Bedi and others, had filed a complaint for registration of FIR against the company in 2015.

Later, 90 more complaints were received against the firm for the same project which were clubbed with the FIR. The buyers had alleged that Unitech did not return the money to them when they sought refund of their amount for delay in handing over the possession of their flats in the company's housing project in Gurugram. They had also accused the builder of duping several people.

The economic offences wing of the Delhi Police had arrested both the real estate investment company's managing directors for failing to complete the housing project on time in Gurugram's Sector 70.

The accused were granted bail for three months on 10 April to enable them to meet home buyers and settle the disputes by either providing them with alternative properties or refund of the money through a repayment plan. However, the bail was cancelled recently and they were sent to judicial custody.

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