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The regulator was investigating whether Sanjay Chandra and Ajay Chandra were routing funds through their offshore accounts
New Delhi, Mar 15 The Delhi High Court on Friday refused to further extend the interim medical bail granted to realty firm Unitech's founder Ramesh Chan..
The duo will, however, continue to remain in jail as they are accused in a money laundering case
The apex court permitted the new management of Unitech to award 49 contracts and commence construction.
The bid by Noida-based DS Group is a strategic move to expand into the premium retail and hospitality sectors.
A vacation bench of Justices Hima Kohli and Rajesh Bindal issued notice to Preeti Chandra on Enforcement Directorate's plea challenging the Delhi HC order.
The ED had attached these immovable assets earlier under sections of the PMLA and following its confirmation by the Adjudicating Authority of the PMLA, the agency has now taken the "physical possession" of these land parcels, the statement said.
With her appointment there are now five directors on the Unitech board
It also asked the board to upload within 48 hours the newly revised payment plan under which the home buyer is required to make payments and asked the flat buyers to give their suggestions or feedback, if any, to the board of management, which would facilitate the court in passing the orders in this regard.
Ramesh Chandra, the founder of the real estate giant Unitech,has been granted an eight-week medical release by the Delhi High Court.
"Misappropriated" funds of homebuyers were used by the promoter brothers of realty group Unitech to "bribe" Tihar jail officials during their confinement there, the ED said on Thursday as it attached assets worth Rs 257 crore in a money-laundering case against them.