Delhi Court Grants Interim Bail to Unitech Chairman, MDs

Unitech officials secure interim bail hours after being sent to 14-day judicial custody in alleged cases of cheating.

Updated
India
1 min read
In this file photo, Unitech Ltd Chairman Ramesh Chandra (C) is
seen leaving a court in New Delhi. (Photo: Reuters)       

Hours after top Unitech officials were sent to 14-day judicial custody on Monday, they succeeded in securing interim bail from a Delhi court in alleged cases of cheating filed by two investors.

Additional Sessions Judge Vimal Kumar Yadav granted three days’ interim bail to Unitech Ltd Chairman Ramesh Chandra, Managing Directors Sanjay Chandra and Ajay Chandra and Director Minoti Bahri after they gave an undertaking that they will honour the order of a State Consumer Forum and settle all the pending dues to the complainants.

The relief came after they moved the District Judge against the order of the Additional Chief Metropolitan Magistrate Gaurav Rao, who had refused them bail and ordered their judicial custody for 14 days.

The district judge had marked the case to Additional Sessions Judge Vimal Kumar Yadav, who at the fag end of the day, granted them the relief.

The complainants – chartered accountant Sanjay Kalra and his business partner Devesh Wadhwa – did not oppose the interim bail application after which the court enlarged all the four accused officials on a personal bond of Rs 1 lakh each and a surety of the like amount.

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