National Consumer Disputes Redressal Commission issues non-bailable arrest warrant against Bengaluru-based realty baron Sushil Mantri

“You are hereby directed to execute this Non-Bailable Warrant of arrest against Mr Sushil Mantri, Chairman and Managing Director of the Judgment Debtor Company i.e. M/s. Mantri Estate Management Pvt. Ltd, and to produce him before this Hon’ble National Commission on 23.09.2024 at 10:30 am, the next hearing date in the case. Herein fail not,” the order copy signed by Iqbal Ahmed, Joint Registrar, NCDRC, states.

However, a police officer said they were yet to receive the Commission’s order copy.

The case dates back to 2020 when a complaint was filed against Sushil Mantri, his wife Snehal S Mantri, and their son Pratik S Matri at the Subramanyapura police station.

The complaint was filed by one Dhananjaya P wherein he alleged that he had booked a flat in ‘Mantri Serenity’, promoted by Mantri Castles Pvt Ltd, an associate and subsidiary of Mantri Developers Pvt Ltd, and the flat was not delivered in time even after paying nearly Rs 60 lakh in advance.

Later, it was discovered that the funds collected were diverted to other purposes and the flats were mortgaged to banks.

In August 2022, the Enforcement Directorate initiated a case in the matter under the Prevention of Money Laundering Act. Sushil Mantri and his son were arrested in September 2022 and immovable assets worth Rs 300 crore were attached. They were later released on bail.