Unitech News

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

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

“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

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

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

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

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’

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.

Pay Rs 80,000 litigation cost to each buyer: SC to Unitech

In another development, over 100 people, who had booked their homes with the Amrapali Group, approached the top court Wednesday, seeking quashing of National Company Law Tribunal (NCLT) order allowing insolvency proceedings against Amrapali Silicon City Ltd.

SC denies interim bail to Unitech promoter

The Supreme Court Friday declined to grant interim bail to Unitech promoter Sanjay Chandra in connection with a case of alleged forgery lodged by certain buyers of its housing projects in Gurgaon.

Mohali: Dreams shattered, hundreds denied possession of flats by Unitech

The case hearings are still pending against the Unitech bosses which is now scheduled for August 28. The Chandigarh Police has been directed by the commission to get the Unitech bosses on production warrant.