The jail term was awarded after Unitech failed to give possessions of a residential unit in Mohali to two Delhi-based clients.
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.
Earlier, in January Unitech Chairman Ramesh Chandra, MDs Sanjay Chandra and Ajay Chandra were sent to Judicial Custody in a similar cheating cases filed by the investors in Delhi. They were later given interim bail.
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