It also directed Unitech to pay as compensation interest at 10 per cent per annum on the principal amount.
The apex consumer commission has asked the company to refund within three months Rs 1,77,95,300 and give a compensation of simple interest at 10 per cent per annum to Gurgaon residents Amal and Minakshi Ganguli for a delay of over two years in handing over the possession.
A bench headed by Chief Justice Dipak Misra said Chandra's counsel can mention the matter related to bail before it once the money is deposited.
A Delhi court today granted a three-month interim bail to Unitech Ltd promoters Ajay Chandra and Sanjay Chandra arrested in a fraud case relating to a Gurugram-based real estate project.
Pankaj Jain of Sunteck Wealthmax advises to short Unitech, Jubilant Foodworks and go long on Jet Airways and Ipca Labs
The company's net income increased to Rs 848.25 crore in January-March quarter of the 2012-13 fiscal compared to Rs 716.29 crore in the same quarter previous fiscal.
Expressing his bearish views Pankaj Jain of Sunteck Wealthmax recommends to sell Dena Bank, Andhra Bank, Unitech Limited, India Cement.
A prosecution witness told a Delhi court that Unitech Limited, whose Managing Director (MD) Sanjay Chandra is facing trial in the 2G spectrum allocation case, had not sold a "single share" to Norwegian firm Telenor after the foreign company had invested in it.
Unitech Limited MD Sanjay Chandra, facing trial in the 2G spectrum allocation case in a court here, today accused former Telecom Secretary D S Mathur of "supporting" and "favouring" old telecom operators and their cartel.