Page 3 - Unitech

NBCC submits plan to complete unfinished projects of debt-laden Unitech

Court seeks homebuyers', Unitech's response over plan, to next hear the matter on August 9

Crisis-hit Unitech's internal auditors resign citing time constraints

Crisis-hit realty firm Unitech Ltd said Tuesday that its internal auditors S K P & Co. Chartered Accountants has resigned citing time constraints. In a filing to the BSE, Unitech said that "Internal Auditors of the company viz S K P & Co. Chartered Accountants. has resigned with effect from July 15 stating that they are unable to continue as internal auditors of the company due to time constraint." The resignation comes days after Unitech deferred board meet to approve its financial result for the fourth quarter of the last fiscal and entire 2018-19. "The accounts department of the company requested that they still need some more time to provide the details information sought by the audit Committee in its meeting held on 25th June, 2019. "Therefore, the chairman of the company after consultation with other Directors, decided to postpone/adjourn the Board meeting to July 19, 2019. Accordingly the items w.r.t. the audited financial results for the quarter and year ended 31st ...

SC raps Unitech for not cooperating with auditors; warns of contempt

SC also allowed the release of Rs 40 crore to Justice Dhingra committee for completion of some pending work

Prima facie case of cheating against Unitech: Probe agency to SC

Supreme Court asks lower court to expedite hearing in the case, next hearing in lower court on Feb 7

SC refuses bail to Unitech's Chandra brothers for not deposting Rs 750 cr

Sanjay, managaging director of Unitech, and his brother Ajay were arrested in April last year after investors, who did not get flats in the company's projects, filed complaints of cheating against the

SC orders forensic audit of embattled real estate firm Unitech

The apex court has also asked the auditor Grant Thornton to place before it the draft terms of audit and timeframe of Unitech Ltd

SC frowns over special treatment to Chandra brothers in Tihar jail

A report says Unitech officials are enjoying facilities in Tihar. These persons are enjoying TV. They are sitting on sofas, the Bench observed

'They are enjoying': SC snaps at Unitech bosses 'luxurious life' in jail

Sanjay and Ajay Chandra have an office and home-like comfort in their cell in Tihar prison, other inmates have alleged.

Crisis-hit Unitech records Q2 net loss at Rs 1.30 billion; income dips

Unitech is facing a huge crisis as it has defaulted in giving delivery of its housing projects on time to customers

Hyderabad HC directs Telangana govt, TSIIC to pay over Rs 6.6 bn to Unitech

Justice M S Ramachandra Rao gave the direction on October 23, on the petition by Unitech Limited

Unitech appoints Hemangi Dhir as non-executive independent director

Crisis-hit Unitech has appointed Hemangi Dhir as an additional non-executive independent director of the company. With appointment of Dhir, the company said it was complying with the mandatory provisions of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding combination of directors with at least one woman director. In a regulatory filing, Unitech said the appointment has been made with effect from October 3, 2018, for a term of five years. Dhir is a Bachelors of Science in Finance and Management from University of South Carolina, United States. She is managing partner in garment export house since 2012. She has worked with Ernst & Young, Washington DC. Gurugram-based Unitech has defaulted in making timely deliveries of its housing projects across the country, forcing buyers to protest and file legal cases in courts. The company has been trying to sell off its assets to complete projects, but without much success.

CBI arrests Saket SHO in bribery case, books Unitech founder Ramesh Chandra

Besides Kumar, an advocate identified as Neeraj Wali has also been arrested

SC orders auction of Unitech properties to refund money to homebuyers

A bench headed by Chief Justice Dipak Misra also directed Unitech Ltd to submit a list of all properties of the company

Unitech Q4 net loss widens to Rs 10 bn on higher operational expenditure

For entire 2017-18, Unitech posted a net loss of Rs 12.75 billion as against a loss of Rs 4.02 billion in 2016-17

Hyderabad HC likely to hear Unitech's plea on Monday

Now, the Telangana government and the state-owned TSIIC have to return the money with interest which will be about Rs 500 crore

Unitech seeks stay of NCLT order letting govt to take over management

The NCLT's principal bench, by its December 8 order, had suspended eight directors of the Unitech.

Unitech shares rise 20% as NCLT allows govt to appoint 10 directors

Today's rally is the fourth consecutive one for the stock. On December 8, the Unitech scrip had jumped 20 per cent

Action against Unitech a wake-up call for realtors

A govt takeover could be justified if there was fraud involved but not because of the failure of the company, says Niranjan Hiranandani

Unitech: The decline of realty major

A decline in the real estate sector, rising debt and Unitech's alleged involvement in 2G scam caused damage to the business and its image

Management interference detrimental to stakeholders: Unitech on NCLT order

The company said that despite its two managing directors in judicial custody, they have been striving hard to secure financing