What is the Supreme Court notice about and who is it directed towards

Explain the notice issued by the Supreme Court to Preeti Chandra, wife of former Unitech promoter Sanjay Chandra.
The Supreme Court of India issued a notice to Preeti Chandra, the wife of Sanjay Chandra, the former promoter of real estate group Unitech. The notice is related to a contempt plea filed by homebuyers who have alleged that despite several orders by the court, the Chandra family has not deposited the entire amount of Rs. 750 crore. This amount was supposed to have been deposited in the court registry for refunding homebuyers who had invested in various Unitech projects.
  • The Supreme Court issued a notice to Preeti Chandra, the wife of former Unitech Promoter Sanjay Chandra.
  • The notice was related to a contempt plea filed by aggrieved homebuyers.
  • A sum of Rs. 750 crore was to be deposited by the Chandras in the court registry as refund for homebuyers.
  • The homebuyers are alleging that the entire amount has not been deposited yet despite repeated orders from the court.
  • The court has given Preeti Chandra a few days to respond to the notice.
  • Failure to comply with the court orders could result in penal action including imprisonment.
This notice is significant as it shows the Supreme Court's commitment to ensuring that homebuyers get justice. The court has been taking a strong stance against real estate developers who have duped homebuyers and has been issuing strict orders to them to refund money to the investors. It remains to be seen how Preeti Chandra and the other promoters of Unitech will respond to this notice and if they will comply with the court's orders.
Answered a year ago
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