SC refuses custody parole to jailed Unitech MD, orders refund to home buyers

NEW DELHI: The Supreme Court today refused to grant for the time being ‘custody parole’ to Sanjay Chandra, the jailed managing director of real estate firm Unitech Limited, and ordered disbursal of money on “pro rata” basis to those home buyers who have judicial orders in their favour.

A bench headed by Chief Justice Dipak Misra considered the fact that around Rs 42 crore had been deposited today with the Apex Court registry after the sale of some assets of the real estate firm.

The bench, also comprising justices A M Khanwilkar and D Y Chandrachud, said the home buyers, who have secured orders in their favour from the National Consumer Disputes Redressal Commission (NCDRC) and the Real Estate Regulatory Authority, be refunded money on “pro rata” (proportional) basis after proper verification of the documents by lawyer Pawanshree Agarwal, who is assisting the court as the amicus curiae. (AGENCIES)