A Delhi court today settled a cheating case against Unitech officials after the complainants said they have received payment and did not want to pursue the matter further.

Additional Chief Metropolitan Magistrate Gaurav Rao observed that the complainants settled the matter with Unitech officials in the Lok Adalat and acquitted the accused -- Unitech chairman Ramesh Chandra, managing directors Sanjay Chandra and Ajay Chandra and group director Minoti Bahri.

A complaint was filed by chartered accountant Sanjay Kalra and his business partner Deepak Wadhwa, claiming that they had booked a property in Habitat Apartments in Greater Noida developed by Unitech but they were not given possession.

Despite the court’s earlier order, Unitech did not refund them the complete payment, they said in the complaint.

A Delhi magistrate’s court on 11 January sent the Unitech chairman, the two managing directors and the director to 14 days’ judicial custody in the alleged cheating cases filed by the two investors but the sessions court later granted them interim bail.

Wadhwa on Thursday told the court that he has received the payment and has no personal grievance against them. He also said he does not want to pursue the matter further.