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Unitech MDs get 3 yrs in jail as company fails to deliver flats

Two Unitech   Ltd Managing Directors, Ajay Chandra and Sanjay Chandra, were awarded three years' imprisonment for non-compliance of order issued in 2015 by the Chandigarh State Consumer Disputes Redressal Commission (CSCDRC). The punitive measure was awarded after the real estate giant failed to give possessions of a residential unit in Mohali to two Delhi-based clients even after making the payment on time. Then, the commission sought explanation from the builder and asked them to settle dues of Rs 53 lakhs. Two Unitech Ltd Managing Directors, Ajay Chandra and Sanjay Chandra, were awarded three years' imprisonment for non-compliance of order issued in 2015 by the Chandigarh State Consumer Disputes Redressal Commission (CSCDRC).

Read more at: http://www.moneycontrol.com/news/current-affairs/unitech-mds-get-3-yrsjail-as-company-fails-to-deliver-flats_6453641.html?utm_source=ref_article
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