In a weekend rescue mission, the Delhi High Court saves pledged promoter shares of Unitech from going on sale. In an excluisve interview CNBC-TV18's Menaka Doshi talks to Bharat Vasani, Chief Legal-Group General Counsel of Tata Group and Berjis Desai, Managing Partners, J Sagar Associates about the move.
Below is a verbatim transcript of the interview. Also watch the accompanying videos. For the first time, a High Court has stepped in to stop the invocation of a pledge; that too via an ex-parte injunction handed out on a Sunday. The matter at hand pertains to Unitech whose promoters had raised Rs 178 crore via unlisted, unrated, secured, redeemable, non-convertible debentures and offered UnitechDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
