SC directs Unitech to file detailed affidavit of assets in India, abroad

1. SC directs Unitech to file detailed affidavit of assets in India, abroad Unitech owes Rs 7.23 billion to 51,000 fixed deposit holders The superb courtroom on Monday directed actual property funding firm Unitech Ltd to document a detailed affidavit of their assets each in India and overseas. The decision follows an order from the pinnacle court in December, staying the country wide company law Tribunal (NCLT) order which barred Unitech administrators from acting as co-administrators of the enterprise over alleged mismanagement of price range. in advance, the NCLT had barred directors of the actual estate predominant from performing as co-administrators of the organisation and additionally issued a notice to Unitech Ltd at the Ministry of corporate Affairs' plea, in search of a response in four weeks. previous to that, the apex court had ordered Unitech to deposit an amount of Rs 7.5 billion before the court. moreover, it also stated that the registry of the quantity be carried out via December stop, to make sure refund to its domestic customers. On a related be aware, Unitech owes Rs 7.23 billion to 51,000 constant deposit holders, and the corporation and its subsidiaries are but to deliver 19,000 apartments to customers.