Any interference in working of current management will be detrimental to cause of all stakeholders, Unitech said about the NCLT order.
Till 02:46 PM; a combined 145 million representing 5.5% of total equity of Unitech changed hands and there were pending buy orders for 15.73 million shares on the NSE and BSE.
It also noted that the firm was not in a position to hand over the possession of the apartment
The board has accepted his resignation with immediate effect,
The court directed the next hearing of the matter on September 21
On July 6, Manish Lakhi purchased 15.48 million shares of the company at price of Rs 6.24 per share
The Gurgaon-based developer has sold acres in Hyderabad, Chennai and Gurgaon
Unitech had posted a net loss of Rs 483.54 crore in the year-ago period
SC directed Unitech to pay 14% interest to 39 buyers at its Vistas project in Gurugram
It refused to grant more time to Unitech Residential Resorts
A court on Monday extended by 3 days the police custody of Sanjay Chandra in an alleged fraud case
On Monday, promoters Ajay Chandra and Sanjay Chandra got bail extension by 3 more days
Chandra is accused of duping buyers who had booked flats in his real-estate project in Greater Noida
Ajay and Sanjay Chandra arrested for not developing a project in Gurugram
The accused were arrested for not developing a project, Anthea Floors, at Gurugram
They are accused of swindling Rs 35 cr from those who booked flats at Greater Noida project
Chandra is accused of duping buyers who had booked flats in his real-estate project in Greater Noida
The interest would be calculated from Jan 1, 2010 till Unitech deposited the principal amount
Unitech argued that the delay was due to agitation by farmers and shortage of labour
The consumer forum had asked Unitech to refund the money to the home buyers with interest