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Unitech case News

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ED said it will make the case stronger against the Chandras. The bench also allowed realty firm Unitech's founder Ramesh Chandra to move the special PMLA court at Patiala House Court. Chandra brothers were recently shifted to jails in Mumbai.
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The court directed the next hearing of the matter on September 21.
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The apex court clarified that the home buyers who were seeking refunds will be given money on pro-rata basis and those wanting flats will be given the same.
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Chandra and his brother Ajay were arrested in April this year after investors who did not get their flats as promised filed complaints of cheating against them.
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A Delhi court has dismissed bail plea of two Unitech promoters in the alleged real estate fraud case and sent them to judicial custody till April 20.
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A Delhi court on Monday extended Unitech Ltd promoters Ajay Chandra and Sanjay Chandra's police custody by three days in an alleged fraud case related to a Gurugram-based real estate project.  
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The Supreme Court on Thursday stayed the Delhi High Court order directing meetings of home buyers with realty firm Unitech and opening escrow accounts for completion of delayed projects.  
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Beleaguered real estate firm Unitech Ltd today expressed its inability before the Supreme Court to refund money to the home buyers over its two delayed housing projects in Noida and Gurgaon.






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