In Brief
This case involves a special leave petition challenging the denial of interim bail to Sanjay Chandra and others, promoters of real estate company Unitech. The Supreme Court granted bail on stringent conditions: a ₹750 crore deposit in an interest-bearing fixed deposit, permission to negotiate on unencumbered assets, and relaxed jail visitation rules for company officials and lawyers. The Court prohibited coercive enforcement of orders pending final adjudication and ordered creation of a portal to track home buyers' and investors' preferences to protect public interests in the troubled real estate project."
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