The Supreme Court on Monday accepted the Central government's proposal to take over the management of embattled real estate company -- Unitech and appoint former IAS officer Yudvir Singh Malik as its chairman and managing director (CMD).
A bench headed by Justice DY Chandrachud said that the court will not conduct any hearing on the issue of home buyers and their concerns for two weeks.
According to the Centre's proposal, the new board of the group will include Anup Kumar Mittal, Niranjan Hiranandani, P Shriram and Geetu Virmani.
The inquiry against Unitech will also continue till the apex court hears the matter again.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app