Top court hints at starting CBI probe against Unitech, orders withdrawal of special facilities to incarcerated Chandras
Unitech MD Sanjay Chandra and his brother Ajay are in Tihar Jail for allegedly cheating homebuyers.
The association comprised of 33 individuals who had purchased their flats from Unitech in the project called Unihomes 3 in Noida, Uttar Pradesh
The top court had earlier set up a three-member panel for 'expeditious' auction of over 600 acres of land of the real estate firm for refunding money to homebuyers
The bench said that it has prepared a list of unencumbered properties but it was incomplete
Unitech owes Rs 7.23 billion to 51,000 fixed deposit holders
Unitech is facing huge protest from home buyers because of delay in completion of about 70 projects involving more than 16,000 flats
Govt action in Unitech case defies logic
Unitech spokesperson, however, denied receiving any intimation from the Ministry of Corporate Affairs.
NCLT is scheduled to hear the government's plea to take control of Unitech on Friday
Asked to pay the amount within 4 weeks to buyers who have succeeded in getting their principal amount and interest
Home buyers accused Unitech of not completing project and non-payment of their money with interest