Know why Unitech top bosses were sent to Tihar jail

Zee Media Bureau

Unitech Ltd Chairman Ramesh Chandra, Managing Directors Sanjay Chandra and Ajay Chandra and Director Minoti Bahri Tuesday walked out of Tihar Jail after spending a night in prison despite succeeding to get an interim bail Monday.

Here is the detail of the cheating case:

The complaint case was filed by chartered accountant Sanjay Kalra and his business partner Devesh Wadhwa - who had booked a property in Habitat Apartments in Greater Noida developed by Unitech.

The project was delayed and the company had promised to refund the amount along with simple interest of 11 percent per annum by October last year before the State Consumer Commission and sessions court last year.

Advocate Kundan Mishra appearing for Kalra had argued that despite the court's earlier order, Unitech had not refunded them the complete payment.

The company officials had claimed in the court that due to financial constraints and circumstances beyond their control, they were not able to make the payment to the complainants.