Deposit interest or property may by attached: SC warns Unitech

The Supreme Court today directed real estate firm Unitech to deposit 14 per cent interest on Rs 16.55 crore invested by 39 home buyers at its project in Gurugram by May 8. The apex court also warned that failure to meet the deadline could invite attaching the realtor’s property. It refused to grant more time […]

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Deposit 14% interest on 39 home buyers’ money: SC to Unitech

Slapping a penalty on Unitech Resorts for delaying handing over of flats, the Supreme Court today directed it to deposit 14 per cent interest on Rs 16.55 crore invested by 39 home buyers with it. The 39 home buyers, who moved the court, had booked flats in Unitech’s Vista housing project in Gurugram. They had […]

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Unitech to refund Rs 3.33 crore to homebuyer

The apex consumer commission has directed real-estate major Unitech Hi-Tech Developers Ltd to pay over Rs three crore to a couple for failing to give them possession of an apartment booked under one of its housing projects at Noida in 2010. The National Consumer Disputes Redressal Commission (NCDRC) asked the firm to refund the payment […]

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Unitech top bosses face tough questions from court

Right to Public Service Act

Real estate major Unitechs top bosses today faced tough questions from a Delhi court, which also asked them by when they would settle the pending dues of “hundreds” of other investors. The court also pulled up the groups chairman Ramesh Chandra, Managing Directors Sanjay Chandra and Ajay Chandra and Director Minoti Bahri for not fulfilling […]

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Unitech top bosses get interim bail in cheating case

Hours after top Unitech officials were sent to 14-day judicial custody on Monday, they succeeded in securing interim bail from a Delhi court in alleged cases of cheating filed by two investors. Additional Sessions Judge Vimal Kumar Yadav granted three days’ interim bail to Unitech Ltd Chairman Ramesh Chandra, Managing Directors Sanjay Chandra and Ajay […]

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