Chandigarh court slaps 3-year jail term on Unitech MDs for defying order

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.

NEW DELHI: 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: http://realty.economictimes.indiatimes.com/news/regulatory/chandigarh-court-slaps-3-year-jail-term-on-unitech-mds-for-defying-order/52019811

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s