The bench hinted it may then set Chandra free on interim bail so he can make periodic repayments of dues as with Sahara chief Subrata Roy.Unitech has defaulted in handing over several residential projects in Delhi-NCR. Sanjay Chandra and his brother Ajay Chandra are in judicial custody in connection with a cheating case filed by some Gurgaon homebuyers. “I have proved my bona fides by depositing money in the last three months,” Chandra told the Supreme Court bench on Friday through his lawyer Abhimanyu Bhandari. Those who have to pay me are not paying,” he said.“Grant me interim bail so that I can raise the money. “I will submit a comprehensive plan of action as per which all the dues to homebuyers will be cleared in two years.”But the bench did not relent.

Source: Economic Times September 08, 2017 15:49 UTC