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supreme court stays nclt order against unitech




the nclt had ordered the supersession of unitech's board as the government had filed a company law petition alleging mismanagement of funds. this came at a time when the supreme court had been trying to find a solution for thousands of homebuyers. the homebuyers had paid large sums to unitech for th...



unitech falls 11% as supreme court stays nclt order




unitech dipped 11% to rs 6.85 on the bse in intra-day trade, extending its tuesday 5% decline, after the supreme court today stayed on the national company law tribunal (nclt) order suspending its directors and allowing the government to appoint its nominees in their place.unitech on monday, decembe...



nclt refuses to put unitech order in abeyance




the national company law tribunal today declined to keep in abeyance its order to suspend 10 directors of unitech ltd and permit the government to appoint its nominees on the board of the troubled realty firm.the tribunal said that the new directors of the unitech would comply with all the orders of...



unitech shares crash after sc stay order on govt takeover of realty major




the supreme court on wednesday stayed the order of national company law tribunal (nclt) ordering the supersession of the board of realty major unitech.the move, which came after the attorney general's admission that the government petition to nclt was a mistake, triggered a crash of unitech shares.t...



nclt allows govt to appoint 10 directors on unitech board




the national company law tribunal (nclt) on friday allowed the government to appoint 10 directors on the board of debt-ridden realty firm unitech ltd.  the two-member nclt bench headed by chairman justice m m kumar has directed the government to submit the 10 names by december 20, the next date of ...



nclt allows govt to appoint 10 directors on unitech board




the national company law tribunal today allowed the government to appoint 10 directors on the board of debt-ridden realty firm unitech ltd. the two-member nclt bench headed by chairman justice m m kumar has directed the government to submit the 10 names by december 20, the next date of hearing.the g...



markets live: nifty regains 10,250; unitech down 11% on sc verdict




11:41 amunitech extends fall unitech dipped 11% to rs 6.85 on the bse in intra-day trade, extending its tuesday 5% decline, after the supreme court today stayed on the national company law tribunal (nclt) order suspending its directors and allowing the government to appoint its nominees in their pla...



unitech shares rise 20% as nclt allows govt to appoint 10 directors




shares of unitech surged as much as 20 per cent in morning trade today after the nclt authorised the government to appoint its 10 nominees on the board of the realty firm.on december 8, the national company law tribunal (nclt) suspended all the eight directors of unitech over allegations of mismanag...



govt to seek court approval to take control of unitech; stock surges 20%




unitech was locked in upper circuit of 20% at rs 7.29 on the bse with no sellers seen on the counter after media report suggested that the government to seek court approval to take control of the realty major.the exchange has sought clarification from unitech with respect to news article appearing o...



govt to seek court approval to take control of realty major unitech: report




the corporate affairs ministry has moved the bankruptcy court to take management control of realty major unitech on grounds of mismanagement and diversion of funds, bloomberg reported on friday. unitech’s managing director sanjay chandra was arrested in april 2017 following a complaint by home buy...



cell towers near rajasthan jails will not be moved




supreme court stays rajasthan hc orderthe supreme court on may 29 stayed a rajasthan high court order of moving all cell phone towers from the vicinity of jails.the cellular operators association of india had moved the apex court against the high court order, claiming that there are more than 500 su...



unitech case: flat owners’ interest calculation at end of case, says sc




the supreme court bench of justices dipak misra and am khanwilkar, while hearing the petition by unitech residential resorts ltd. against the order passed by the national consumer disputes redressal commission (ncdrc), directed on may 8 that “distribution (of money to the flat buyers who want out)...



supreme court asks unitech to deposit rs 3 crore more december 11




want create site? find free wordpress themes and plugins.home-buyers from unitech had approached the court for possession of flats they had paid for, or for refund of money they had already paid to the builders.the builders owe the home owners a principal amount of rs 22 crore, of which they had dep...



diwali firecracker ban stays; pained at communal colour given to order: sc




the supreme court on friday refused to modify its october 9 order banning the sale of fire crackers in delhi and ncr this diwali and expressed anguish that its order was being given a communal twist. "we are pained to hear that some people are giving the order a communal colour. anyone who knows me ...



nclt dissolves entire unitech board and tells centre to appoint new board




want create site? find free wordpress themes and plugins.a recent decision by company law tribunal has brought memories of the ignominious corporate forgery at satyam that happened in january 2009. the tribunal has allowed the centre to appoint a new batch of 10 directors at distressed realty major ...



unitech boss’ bail plea fails to impress sc




above: unitech promoter sanjay chandra sanjay chandra, a promoter of real estate firm unitech has asked for bail which, apparently, will allow him to service the people who are demanding allotment of the flats they have paid for or refund with interest.when he asked the court for bail, the supreme c...



unitech md arrested for allegedly duping investors




delhi police's economic offences wing has arrested the managing director of unitech and another person for allegedly not developing a project despite receiving funds from investors, police said."the accused, ajay chandra and sanjya chandra of unitech, have been arrested for not developing a project,...



supreme court orders jaypee to deposit rs 2k crore




the supreme court bench of chief justice dipak misra and justices dy chandrachud and am khanwilkar on monday (september 11) passed stringent directives on the promoters and directors of jaypee infratech and ordered that they are not to leave the country without prior permission of the court. their...



mcdonald's moves delhi hc against nclt show cause notice




mcdonald's india today moved the delhi high court seeking setting aside of the national company law tribunal's (nclt) show-cause notice to the fast food major and its parent company on a contempt plea filed by their estranged indian partner vikram bakshi.mcdonald's has also challenged a subsequent o...



supreme court order allows enforcement of travel ban against refugees




us supreme court [official website] justice anthony kennedy issued an order [text, pdf] monday staying a lower court ruling, allowing enforcement of the trump administration travel ban against refugees. the justice department had filed an emergency application [text, pdf] to block a ninth circuit de...



pil says cisf camp destroyed adjacent forest




an interesting case came up before the national green tribunal bench of justice jawad rahim (judicial member) and nagin nanda (expert member). the protection of culture heritage, environment, traditions & promotions of national awareness (chetna) filed an appeal against cisf, which had allegedly des...



sc refuses bail to unitech's sanjay chandra, asks to prove bona fide first




the supreme court on monday refused to entertain the bail plea of unitech's sanjay chandra and asked the real estate major to deposit rs 1,000 crore to prove its bonafides. refusing the bail plea, a bench of chief justice dipak misra, justice a.m. khanwilkar and justice d.y. chandrachud suggested to...



idbi wants insolvency proceedings restored against jaypee




above: buyers staging a protest against the jaypee group in noidadeprived buyers planning to take a more aggressive path with 4,000 civil and criminal suits against erring realtorjaypee infratech has a bigger fight in its hands, vis-a-vis approximately 32,000 deprived homebuyers. on monday (septemb...



sc stays karnataka hc order granting relief to reddy




the supreme court on monday stayed the karnataka high court order setting aside the enforcement directorate proceedings against former minister and mining baron gali janardhana reddy and his wife lakshmi aruna and others, including provisional attachment of their assets worth over rs 900 crore under...



news digest: unitech saga, bitcoin, max hospital, maruti suzuki, and more




govt moves to take control of unitech; nclt supersedes boardthe corporate affairs ministry has moved the national company law tribunal (nclt) seeking management control of debt-ridden real estate company unitech on the grounds of alleged mismanagement and diversion of funds. if the government has it...