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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...



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...



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...



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...



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...



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 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 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...



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...



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 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)...



markets live: sensex trades flat, nifty hovers around 10,150; airtel up 5%




1:50 pmbuzzing stock goa carbon was locked in 5% lower circuit at rs 767 on bse on profit booking after gaining 27.6% in the preceding five trading sessions to settle at rs 807.35 on 19 october 2017, from its close of rs 632.70 on 12 october 2017.1:38 pmhcl infosystems gains after disclosing rights ...



pay up or face arrest, ncdrc judge tells unitech md




the national consumer disputes redressal commission (ncdrc) bench, headed by justice d  k jain on monday (december 11) directed real estate major unitech to hand over a draft of rs 50 lakh by the end of the day to aggrieved home buyer lt col anil raj, failing which it will issue a non-bailable warr...



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...



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,...



'clear communication is the best anti-takeover defense'




the directors of dutch bourse-listed companies should maintain good lines of communication about their long-term strategy in order to hold predators at bay, hans wyers, former economic affairs minister and later head of chemicals group akzo nobel told the telegraafon monday.wyers said that anti-take...



'clear communication is the best anti-takeover defense'




the directors of dutch bourse-listed companies should maintain good lines of communication about their long-term strategy in order to hold predators at bay, hans wyers, former economic affairs minister and later head of chemicals group akzo nobel told the telegraafon monday.wyers said that anti-take...



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...



real estate shares in focus; sobha, sunteck realty hit 52-week highs




si reporter  |  mumbai  march 1, 2017 last updated at 14:34 ist



major crash investigating pedestrian hit by car in cannington




a perth man is in a serious condition in hospital after being run over by a car in east cannington on sunday evening. the 20-year-old was struck by a grey coloured holden captiva wagon around 6.30pm on gibbs street.  major crash are investigating a crash in east cannington overnight.  photo: g...



spotless wrangling aimed at raising pressure on downer




despite ramping up its war of words opposing as "opportunistic" an unwanted takeover offer from downer edi, contractor spotless shares continue to wallow at a discount to the bid as a large shareholder in the target has signalled its opposition to the offer at the present price.spotless on monday i...



uk orders takeover of govt-funded islamic school, cites safety issues




press trust of india  |  london  july 16, 2017 last updated at 19:43 ist



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...



nifty realty index nears 52-week high; oberoi realty hits record high




si reporter  |  mumbai  march 22, 2017 last updated at 14:24 ist