The stance will have a bearing on home buyers, whose money is stuck with Jaypee and Amrapali and who have been waiting for redressal of the...

The bench had said that if the Chandras were able to deposit the amount earlier, then they can mention their bail pleas for urgent hearing.

"The company & its officials have co-operated with the authorities, and whenever asked, explained and provided all the supporting documents...

The defence counsel, however, opposed the plea saying the police was already granted enough time to interrogate the Chandras.

The stock tumbled 19.92% to hit a low of Rs 4.46 on BSE, before recovering some of the lost ground.

"The accused were arrested for not developing a project, Anthea Floors, at Gurugram," a probe officer said, adding 91 people have invested ...

The project, which was launched a week back, is part of a 100-acre township that the company is developing in Gurgaon.