Unitech
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Supreme Court refuses bail to Unitech promoters in a case relating to siphoning home buyers' money
•The Supreme Court on Wednesday refused bail to Unitech promoters Sanjay Chandra and Ajay Chandra in a case relating to alleged siphoning off the home-buyers' money
Unitech's Q4 net loss widens to nearly Rs 1,000 cr despite two-fold jump in total income
•Debt-ridden Unitech is facing huge protest as well as litigations from home buyers because of significant delays in completion of their housing projects across the country
Delhi High Court issues notices to A Raja, Kanimozhi on Enforcement Directorate, CBI appeals in 2G scam case
Ians •The Delhi High Court, on Wednesday, issued notice to former Telecom Minister A. Raja, DMK MP Kanimozhi and others in the 2G spectrum money laundering case.
Unitech, D B Realty rally up to 20% as Raja, Balwa and others acquitted in 2G spectrum case
•After the 2g spectrum case verdict, Unitech surged 19.91 percent, D B Realty 19.89 percent, RCom 13.49 percent and Sun TV Network 5.98 percent on BSE.
Hyderabad High Court to hear Unitech's petition seeking Rs 500 crore refund tomorrow
•The Hyderabad High Court is likely to hear on Monday a petition filed by debt-ridden realty firm Unitech Ltd, seeking refund from the Telangana State Industrial Infrastructure Corporation of about Rs 500 crore it deposited in 2008 for the development of 350 acres of land.
RERA should have come earlier to tame unscrupulous builders, says Narendra Modi in Ficci speech
Ians •As per RERA, builders cannot sell without registration, and projects for which completion certificate has not been issued cannot be considered as completed projects
Unitech shares fall over 16% as Supreme Court stays company law tribunal order
•Unitech stock fell to a low of Rs 6.43 on the BSE, down 16.38 percent over its previous closing price
Unitech case: Supreme Court stays company law tribunal order asking govt to take over real estate firm
•The apex court, which had yesterday expressed unhappiness over the Centre's move to approach the NCLT, said the stay on the company law tribunal's order would meet the ends of the justice.
Govt takeover of Unitech: Company law tribunal should have taken our leave, says Supreme Court
•Company law tribunal on 8 December, had suspended all the eight directors of the realty firm over allegations of mismanagement and siphoning of funds and had authorised the Centre to appoint its 10 nominees on the board.
Unitech jumps 11% as company law tribunal allows govt to appoint 10 nominees
•National Company Law Tribunal (NCLT) had, on 8 December, 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