SC asks directors of Unitech Ltd to give details of personal assets

The bench headed by Dipak Misra directed that neither any director nor their agents or assignees "shall create any third party interest in the properties" of the firms

The Supreme Court on Wednesday directed all the directors of Unitech Ltd and its subsidiaries to furnish details of their personal assets and warned them that if Rs 1 billion was not deposited by May 11, their assets would be auctioned.

A bench headed by Chief Justice Dipak Misra also said that the unencumbered properties of the real estate firm would be auctioned to realise the dues of the hassled homebuyers.

The bench, which also comprised judges A M Khanwilkar and D Y Chandrachud, took strong note of the approach of the firm in depositing money with the apex court registry and