HC stays non-bailable warrants against Unitech top officials
In a relief to three top officials of beleaguered real estate major Unitech Ltd, Delhi High Court on Monday stayed the execution of non-bailable warrants against them issued by a trial court on a private complaint alleging delay in handing over of flats to buyers.
Justice Mukta Gupta granted the relief to Unitech Ltd’s chairman Ramesh Chandra and Managing Directors Ajay Chandra and Sanjay Chandra after their counsel assured the high court that they would appear before the trial court on the next date of hearing on October 26.
“Considering the fact that counsel for the petitioners says that petitioners (three officials) will appear before the trial court on the next date of hearing on October 26, till the next date of hearing the execution of non-bailable warrant (NBWs) is stayed,” the court said.
Senior advocates Sudhir Nandrajog and Dayan Krishnan, who appeared for the Chandras, told the court that trial court had on September 5 summoned the three on
October 4 in the complaint case by various investors who have alleged delay in handing over of flats in a housing project in Noida.