In Brief
A real estate promoter's bail was cancelled for repeatedly breaking court conditions meant to settle claims of hundreds of defrauded homebuyers. The Supreme Court found the promoter had made no genuine attempt to deliver promised units or refund money despite six years since bail was granted. The project remained incomplete, lacking basic facilities. The promoter also siphoned ₹74 crore to family-owned entities during insolvency proceedings. The Court forfeited his entire ₹50-crore bail deposit, directing funds toward relief authorities and insolvency proceedings.
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