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Supreme Court allows auction of Unitech properties

At a brief hearing, Justice Chandrachud indicated that the issue of conducting a forensic audit of Unitech's financials may come up on December 7.

Managing Director of Telenor's India partner Unitech, Sanjay Chandra (C) leaves a court in New Delhi April 13, 2011. An Indian court on Wednesday put on trial the first set of officials and businessmen indicted in the country's biggest corruption case, a multi-billion dollar telecoms scandal that has weakened the government and put off some foreign investors.  (REUTERS)

Managing Director of Telenor's India partner Unitech, Sanjay Chandra (C) leaves a court in New Delhi April 13, 2011. An Indian court on Wednesday put on trial the first set of officials and businessmen indicted in the country's biggest corruption case, a multi-billion dollar telecoms scandal that has weakened the government and put off some foreign investors. (REUTERS)

 
 
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The Supreme Court on December 3 indicated that forensic audit of Unitech's financial accounts may be allowed and that the process may be discussed and finalised on Friday which is the next date of hearing, legal sources said.

At a brief hearing, Justice Chandrachud indicated that the issue of conducting a forensic audit of Unitech's financials may come up on December 7. The bail application of the promoters is also expected to be heard the same day, sources said.

Copies of Amrapali case orders were also placed before the bench, sources said, adding, the bench had wanted to see how forensic audit was conducted in the Amrapali case.

On November 30, the Supreme Court had allowed the auction of properties of the Unitech group located in Agra, Varanasi, Virar, Gurugram, Rohini, Noida and unencumbered properties in Kerala, Andhra Pradesh, Tamil Nadu and Maharashtra.