- Tag results for Unitech
The bench said that Rs 21 crore should be transferred by the Registry of the apex court to an Unitech Escrow account opened by the Chairman of the Committee who is a signatory.
A bench headed by Chief Justice Dipak Misra asked the panel to proceed with the sale of the firm's properties in Kolkata.
The Supreme Court today took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued.
The Supreme Court today sought details of all unencumbered assets of embattled real estate major Unitech Limited and said that they would be auctioned to refund money to home buyers.
The Supreme Court on Monday directed real estate investment firm Unitech Ltd to file a detailed affidavit of their assets both in India and abroad.
The court had directed the jail authorities to facilitate Chandra's meeting with his company officials and lawyers so he could arrange money for refunding the homebuyers.
Shares of companies linked to the 2G spectrum scam case surged up to 20 per cent today after a special court acquitted all the accused.
Within hours of acquittal in the 2G spectrum allocation case by a special court, Unitech MD Sanjay Chandra said there was no wrong doing on his part but his company had to pay the price.
Hyderabad HC is likely to hear tomorrow a petition filed by debt-ridden realty firm Unitech Ltd, seeking refund from the Telangana State Industrial Infrastructure Corporation of about Rs 500 crore.
Unitech is facing huge protest from home buyers because of delay in completion of about 70 projects involving more than 16,000 flats.
The National Company Law Tribunal’s (NCLT) move to allow the Union Government to take control of Delhi-based real estate company Unitech, and the Supreme Court decision.
India's Supreme Court halted a government takeover of the management of top realty firm Unitech Ltd on Wednesday, saying the court is already seized of the matter.
The Supreme Court stayed the order of NCLT allowing the Centre to take over management of realty firm Unitech Limited.
The NCLT has recently invoked the provisions of the Companies Act and allowed the central government to take over the Unitech Limited and appoint its nominee directors in the Board of the firm.
Shares of Unitech surged as much as 20 percent in morning trade today after the NCLT authorised the government to appoint its 10 nominees on the board of the realty firm.