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Court allows government to replace Unitech directors - judge

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - An Indian court on Friday allowed the government to appoint directors on the board of debt-laden realty firm Unitech Ltd. in a rare intervention. The government had approached the National Company Law Tribunal to appoint directors on the board of Unitech citing mismanagement and siphoning of funds by the management. (Reporting by Manoj Kumar; Writing by Nidhi Verma)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, December 08 2017. 16:12 IST