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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

The apex consumer commission has directed real-estate major Unitech Limited to pay over Rs 60 lakh to a Gurgaon resident for not giving him possession of an apartment booked a decade ago at Greater Noida. The National Consumer Disputes Redressal Commission (NCDRC) asked the firm to pay the amount with an interest of 18 percent per annum, from the date the total demand amount was deposited with the Unitech, which is also facing several other complaints, including a joint claim by 144 home-buyers. A bench headed by Justice J M Malik held that the desire to acquire the property had "ruined the life" of the buyer and the real estate major "harassed" him by asking "for interest on the delayed payment when there was no progress of project". The consumer commission directed the firm to pay Rs 59,98,560 to Sanjay Arora, who had booked the flat in Sector Pi II, Greater Noida, in 2006, besides Rs one lakh for compensation and litigation charges. "As a matter of...