Unitech chairman, 2 MDs get 3-year jail term again

The court has also issued non-bailable warrants against Unitech chairman and two MDs, along with charging a fine of Rs 10,000 each

Unitech chairman and 2 MDs get 3-year jail term againNEW DELHI: The Consumer Disputes Redressal Commission in Chandigarh has sentenced real estate firm Unitech‘s chairman Ramesh Chandra and managing directors Ajay Chandra and Sanjay Chandra to a three-year jail term for not complying with the court’s order, according to a report in The Tribune.

The court has also issued non-bailable warrants against Unitech chairman and two MDs, along with charging a fine of Rs 10,000 each.

This is the third time in the past two months that they have been awarded the sentence, however, no arrest has been made in the case yet, according to the report.

The case relates to Uniworld City, Sector 97, Mohali, where the complainants Ajay Raina and his wife Rajesh Raina had purchased a plot, measuring 358.80 square yards. However, despite making the payment, they were not given the possession of the plot.

The Rainas then filed an execution plea before the court, following which the commission had, on May 24 last year, ordered Unitech to refund a sum of Rs 50,16,650 along with interest at the rate of 15% (compounded quarterly).

Unitech was also directed to pay Rs 3.50 lakh as compensation to them along with the litigation fee.

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