A file photo of Sanjay Chandra. On 15 September, the court had denied interim bail to both Sanjay and brother Ajay Chandra and asked for a detailed list of refunds paid by the company to home buyers. Photo: MintNew Delhi: The Supreme Court on Monday denied bail to Sanjay Chandra of Unitech and held that he would have to prove his bona fides by depositing at least Rs1,000 crore, which could be used to refund home buyers. Unitech has not submitted the complete details till date because of which Sanjay Chandra has been denied interim bail on numerous occasions. He had moved the apex court against the 11 August order of the Delhi high court refusing to grant him interim bail.

Source: Mint October 23, 2017 09:45 UTC