Unitech MD seeks bail, told to deposit Rs 1,000 crore

NEW DELHI: The Supreme Court was informed on Monday that as many as 4,688 homebuyers in 63 residential projects of Unitech had sought refund of their money totalling Rs 1,865 crore, while 3,761 homebuyers opted for getting possession of their flats.

Amicus curiae Pawan Shree Agrawal submitted a chart compiling the responses received from homebuyers in 63 Unitech projects — spread from Noida to Kolkata and Gurgaon to Chennai —between September 22 and October 13. He said as per Unitech, the refund amount was Rs 1,865 crore, while it was Rs 1,961 crore according to homebuyers.

Two days after resigning as solicitor general, senior advocate Ranjit Kumar appeared for Unitech and its managing director Sanjay Chandra, who is in jail, and told the SC, “I have chalked out a plan to pay ev...

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