Unitech Directors get 3-year term jail

Vector illustration of a man lock up in prison

A Chandigarh court has awarded three-year imprisonment and a fine of Rs 10,000 each on Ajay Chandra and Sanjay Chandra, managing directors of real estate firm Unitech, for not complying with the Chandigarh Consumer Disputes Redressal Commission’s order for returning the cost of a residential unit to a consumer and paying a fine, according to The Tribune.

The court has also issued non-bailable warrants against the Unitech MDs, “returnable” for May 30, to undergo the sentence awarded to them, the report said.

The case relates to Uniworld City, Sector 97, Mohali, where the complainant couple Varun Bakshi and his wife Mandeep Sangha had purchased a flat on July 7, 2011 and had paid over 95% of the total price. However, despite this, the possession of the constructed unit was not offered to them. In response to this the couple had filed a case against the company.

In an order issued last year, the commission had directed the Unitech MDs to refund the amount of over Rs 49 lakh within two months, along with Rs 3 lakh compensation and Rs 50,000 litigation fee, to the complainants, which they failed to comply with, the report said.

Source: ET Realty



Zricks.com is a simpler way to search for Residential and Commercial projects & properties across India with over 5000+ Projects, 1000+ Properties, 2500+ developers, 1500+ Agents, 8000+ Localities. Check out Walkthrough, Compare, QnA & Brochure page to see what everyone is talking about.

One thought on “Unitech Directors get 3-year term jail

Leave a Reply

Pin It on Pinterest

%d bloggers like this: