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News
Unitech
Unitech News
unitech case
10 Feb 2022
SC allows ED to rely on forensic auditors' report for Unitech charge sheet
ED said it will make the case stronger against the Chandras. The bench also allowed realty firm Unitech's founder Ramesh Chandra to move the special PMLA court at Patiala House Court. Chandra brothers were recently shifted to jails in Mumbai.
Unitech
21 Dec 2021
Enforcement Directorate arrests ex-Unitech promoters Sanjay, Ajay Chandra
The ED is expected to produce them before a special Prevention of Money Laundering Act (PMLA) court here seeking their custody for interrogation, they said.
Supreme Court
26 Aug 2021
SC orders shifting of ex-Unitech Group directors to Mumbai jails from Tihar
The ED told the apex court that it has unearthed a ‘secret underground office’. The Supreme Court also made it clear that the two accused will not receive any additional facilities. ED has been investigating several money laundering charges against Chandras' and Unitech Ltd for the past few years.
Unitech
06 Dec 2020
Unitech founder Ramesh Chandra and sons booked in Rs 198 crore bank fraud
CBI filed a case against Unitech founder Ramesh Chandra and his sons Sanjay and Ajay Chandra. They have been booked for allegedly cheating Canara Bank of Rs 198 crore.
Unitech
29 Jul 2019
Should NBCC complete pending projects? SC seeks Unitech homebuyers suggestions
Posting the matter for next hearing for August 9 the SC said that Unitech home buyers can send in their suggestions it to Amicus Curiae via email by August 8.
Unitech
27 Mar 2019
Unitech sells power transmission biz to Sterling and Wilson for Rs 100 cr
Unitech Power Transmission is engaged in the business of manufacturing and installation of power transmission lines.
Unitech
17 Nov 2018
LEDs and coconut water: Inspection reveals Unitech directors 'enjoying' Tihar
An inspection was carried out on September 4 after fellow inmates complained about facilities for Chandra brothers. Additional Sessions Judge Ramesh Kumar says circumstances indicated "corruption" and "grave misuse of power" on the part of DG Prisons and Tihar Jail officials.
Unitech
12 Mar 2018
Unencumbered assets of Unitech will be auctioned, says Supreme Court
In order to pay back home buyers seeking the refund of their money.
Unitech
16 Dec 2017
Two Unitech directors resign
Unitech is facing huge protest from home buyers because of delay in completion of about 70 projects involving more than 16,000 flats.
Unitech
13 Dec 2017
SC stays government move to take over Unitech
Supreme Court on Wednesday stayed company law tribunal, NCLT, order allowing Centre to take over management of embattled realty firm Unitech Ltd.
Unitech
12 Dec 2017
Unitech case: SC disappointed with Centre for moving NCLT without prior permission
SC was hearing Unitech's appeal challenging the recent order of the NCLT allowing the Centre to take over its management.
Unitech
11 Dec 2017
Unitech moves SC against NCLT oder allowing government takeover
On December 8, the National Company Law Tribunal (NCLT) suspended all the eight directors of Unitech over allegations of mismanagement and siphoning of funds, while authorising the government to appoint its 10 nominees on the board.
National Company Law Tribunal
09 Dec 2017
Centre to take over management of Unitech in consumer interest
NCLT has directed government to submit the 10 names by December 20.
National Company Law Tribunal
09 Dec 2017
NCLT suspends Unitech directors, allows govt to appoint 10 nominees
Unitech owes Rs 723 crore to 51,000 fixed deposit holders.
Unitech
30 Oct 2017
Bail to Unitech MD only after firm deposits Rs 750 crore: SC
A bench headed by Chief Justice Dipak Misra said the money, to be deposited in the apex court registry, will be used in facilitating refund to the home buyers who want their money back.
Unitech
23 Oct 2017
SC refuses bail to Unitech MD Sanjay Chandra
On September 15, the top court had refused to grant interim bail to Chandra in the case relating to delaying of housing projects in Noida and Gurugram.
Unitech
23 Oct 2017
SC to hear fraud case against Unitech MD Sanjay Chandra today
On September 15, the top court had refused to grant interim bail to Chandra in the case, relating to delaying of housing projects in Noida and Gurugram.
Unitech
20 Sep 2017
SC orders Unitech to pay litigation cost to house buyers
In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.
Supreme Court
20 Sep 2017
SC orders Unitech to pay litigation cost to home buyers
The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers.
Unitech
19 Sep 2017
Unitech serious developer, not fly-by-night operator: Chairman
The Bombay Stock Exchange had sought clarification from Unitech about reports on September 7 that the company's top management was sent to police custody in fraud case.
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