India, Oct. 25 -- The Bombay High Court recently granted bail to two developers, Jignesh Goradia and his wife, Pankti Goradia, accused of cheating and forgery in the sale of flats at the Maple Carniva project in Ulwe, while initiating a suo motu contempt proceedings against the couple for breaching their earlier undertakings with the court, in which they assured to complete construction, and open designated bank accounts to protect the interests of homebuyers and the landowner, and deposit security funds.

According to the prosecution, the incident dates back to 2017, when the Goradias, through their firm M/s Shreeji Associates, allegedly illegally sold 17 flats belonging to the landowner, Vishrut Enterprises Pvt. Ltd's share in the Maple...