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Thursday, January 23, 2020



SC clears govt-appointed board to take over debt-laden Unitech

January 21, 2020 4:37 am

A retired SC judge will also be appointed to monitor the resolution feedback being framed by the new board, the apex court added.

Sebi imposes Rs 2 lakh fine on Unitech for violating Listing Agreement

November 29, 2019 5:24 pm

It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008.

NBCC can take up Unitech projects, Centre tells Supreme Court

July 30, 2019 2:26 am

Attorney General K K Venugopal, representing the Centre, conveyed this to the court in response to a direction asking it to submit a proposal to finish the incomplete projects of the group.

SC expresses concern after probe found Unitech bosses leading 'luxurious life' in Tihar Jail

November 22, 2018 2:03 pm

The matter came to light after several inmates alleged that white-collar criminals were enjoying a "luxurious lifestyle" inside Tihar while they were not being provided basic necessities including medical treatment.

Unitech’s homebuyer refund case: Supreme Court constitutes HC judge-headed committee to auction properties

May 15, 2018 2:09 am

“We request Justice S N Dhingra to proceed with the auction as expeditiously as possible, as the home buyers are waiting with concern to get their money refunded,” the Bench of Chief Justice of India Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said setting up the committee.

Supreme Court asks Unitech to give list of assets, says would auction them to pay homebuyers

March 13, 2018 2:52 am

Unitech said the funds provided by J M Financial Asset Reconstruction Company Ltd would be used by it to finish its pending projects which would then be handed over to the homebuyers.

Unitech case: Hyderabad High Court to hear realty firm's plea on refund from Telangana govt on Monday

December 17, 2017 1:12 pm

Unitech has sought refund from the Telangana State Industrial Infrastructure Corporation of about Rs 500 crore it deposited in 2008 for the development of 350 acres of land

SC stays NCLT order allowing Centre to take over management of Unitech Ltd

December 13, 2017 11:50 am

The apex court's decision comes a day after it had expressed its displeasure over the NCLT's passing orders in the matter. 

NCLT invokes rare measure to gain control of real-estate giant Unitech

December 09, 2017 7:38 am

Unitech’s lawyers were not present during court proceedings on Friday morning even as the government’s law officer told the court that an advance copy of the petition was sent to the company, but it refused to accept it.

No bail for Unitech MD, SC says ‘have to equate tears of 16,300 with one’

September 22, 2017 5:31 am

The apex court clarified that the company will have to either give possession of flats to the buyers or refund them, failing which its properties will be auctioned to raise money to compensate the parties.