Unitech founder Ramesh Chandra granted medical bail by High Court

Mr. Chandra submitted that he was 85 years old and was in urgent need of medical attention

The Delhi High Court has granted eight-week medical bail to realty firm Unitech’s founder Ramesh Chandra in a money laundering case against him.

Justice Jasmeet Singh released Mr. Chandra on medical grounds and asked him to furnish a personal bond to the tune of ₹25,000 with a surety bond of the like amount.

The court noted that from the medical record, it was clear that Mr. Chandra’s condition was “quite serious” and his ailments “have assumed larger proportions” on account of age.

“He is suffering from cognitive impairment and dementia. He is also in need of cardiological as well as neurological assistance and has had numerous falls, weight loss, memory loss, etc.,” noted the court in its order dated July 28.

“For the above reasons, I am of the view that the petitioner needs to be enlarged on medical bail for a period of eight weeks,” the court said.

While directing his release, the court asked Mr. Chandra not to use any mobile phone and to remain in his house except for visits to the hospital.