To avoid the recurrence of Unitech like cases, it is important for homebuyer association members to take the lead and act as a bridge to raise funds, in case the builder claims he is bankrupt.
A Delhi court has cancelled the non-bailable warrants (NBWs) against the two managing directors of real estate major Unitech Ltd, Ajay Chandra and Sanjay Chandra, in a case of alleged misappropriation of Rs 500 R
The Supreme Court, on November 18, 2016, stayed all the upcoming meetings of home buyers of Unitech Ltd, for giving their approval or disapproval to a proposed compromise scheme forwarded by the company, to R
Unitech blocked a bid by Telenor to buy out assets and rebuild the joint venture which is being stripped of its operating licence.
The CBI today opposed the plea of Unitech Ltd MD Sanjay Chandra, facing trial in a Delhi court in the 2G spectrum case, for permission to go to Thailand saying his "frequent visits" may hamper the ongoing trial.
Telenor's Indian mobile phone joint venture said on Wednesday it has received notices from the country's tax office stating that Unitech Ltd's shares in the venture have been "attached".
Unitech Ltd, India's No 3 real estate developer by market value, reported a halving of its quarterly net profit on Tuesday, as the company was hit by a fall in demand for houses in a rising interest rate environment.
After Asif Usman Balwa and Rajeev B Agarwal of DB Realty, Unitech's Sanjay Chandra wants the High Court to quash charges against him in the 2G scam saying the order by the trial court was passed in a "casual and perfunctory manner".
In an unusual development, the shareholders of realty major Unitech Ltd today rejected a management proposal for payment of dividend totalling about Rs 30 crore for the fiscal 2010-11.