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