In August 2017, the economic offences wing of the Delhi police had arrested Sanjay Chandra, managing director of Unitech. He is in jail since. The company is required to pay Rs 750 crore in the court registry for his bail. In previous hearings, Unitech had resisted the suggestion that the pending projects be handed over to a third party like the NBCC. Unitech had said that they have delivered over 17,000 flats out of 29,000 and they plan to complete the entire work in next three years. However, the SC had rejected Unitech's plan. Over 16,000 home buyers have invested in about 74 projects of Unitech Group which are yet to be completed. NBCC has submitted the proposal along with the report of Attorney General (AG) K K Venugopal, in which he has suggested that a high-powered committee headed by a retired high court judge be constituted to oversee the completion of the projects. One of the counsels raised doubts over the capability of NBCC to carry out the construction work as it is already handling Amrapali and it is likely that they're going to undertake construction of Jaypee as well. AG in reponse said that they had a proposal from Larsen & Toubro L&T as well but now they are not ready to undertake the work. The SC has directed Amicus Curiae Pawan Shree Agrawal to upload the proposal on webportal for home buyers to peruse. Buyers who wish to submit any suggestions can send it to amicus curiae through email by August 2. Agrawal will then collate the suggestions and put it up on website. The court further directed that NBCC will not execute the work but will only oversee the construction. The work might be subcontracted if required. The whole project will also be monitored step-by-step by the committee suggested by AG.
Courtesy/By: Sharren
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30 Jul 2019
