Central Government takes over Unitech…


Guwahati/12th December’2017(Prag News Desk): The ongoing embattle firm Unitech and National Company Law Tribunal is laid to rest after Supreme Court directed the Central Government to take over Unitech Ltd on Monday.

The Centre, has sought time in the apex court for the appeal of Unitech challenging the NCLT order.

The tribunal issued directive seeking security of those 20,000 home buyers who have invested…

The bench has requested for a time frame of one day to fill the plea.The request was sent to Additional Solicitor General Tushar Mehta.

The tribunal had suspended all eight directors of the realty firm over mismanagement and siphoning of funds allegations, allowing the Centre to nominate 10 people for Unitech’s board.


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