Unitech News
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.
The ED is expected to produce them before a special Prevention of Money Laundering Act (PMLA) court here seeking their custody for interrogation, they said.
The ED told the apex court that it has unearthed a ‘secret underground office’.
The Supreme Court also made it clear that the two accused will not receive any additional facilities.
ED has been investigating several money laundering charges against Chandras' and Unitech Ltd for the past few years.
CBI filed a case against Unitech founder Ramesh Chandra and his sons Sanjay and Ajay Chandra.
They have been booked for allegedly cheating Canara Bank of Rs 198 crore.
Posting the matter for next hearing for August 9 the SC said that Unitech home buyers can send in their suggestions it to Amicus Curiae via email by August 8.
Unitech Power Transmission is engaged in the business of manufacturing and installation of power transmission lines.
An inspection was carried out on September 4 after fellow inmates complained about facilities for Chandra brothers.
Additional Sessions Judge Ramesh Kumar says circumstances indicated "corruption" and "grave misuse of power" on the part of DG Prisons and Tihar Jail officials.
In order to pay back home buyers seeking the refund of their money.
Unitech is facing huge protest from home buyers because of delay in completion of about 70 projects involving more than 16,000 flats.
Supreme Court on Wednesday stayed company law tribunal, NCLT, order allowing Centre to take over management of embattled realty firm Unitech Ltd.
SC was hearing Unitech's appeal challenging the recent order of the NCLT allowing the Centre to take over its management.
On December 8, the National Company Law Tribunal (NCLT) suspended all the eight directors of Unitech over allegations of mismanagement and siphoning of funds, while authorising the government to appoint its 10 nominees on the board.
NCLT has directed government to submit the 10 names by December 20.
Unitech owes Rs 723 crore to 51,000 fixed deposit holders.
A bench headed by Chief Justice Dipak Misra said the money, to be deposited in the apex court registry, will be used in facilitating refund to the home buyers who want their money back.
On September 15, the top court had refused to grant interim bail to Chandra in the case relating to delaying of housing projects in Noida and Gurugram.
On September 15, the top court had refused to grant interim bail to Chandra in the case, relating to delaying of housing projects in Noida and Gurugram.
In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.
The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers.
The Bombay Stock Exchange had sought clarification from Unitech about reports on September 7 that the company's top management was sent to police custody in fraud case.
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