January 21, 2020
SC allows Centre to takeover Unitech management; grants two months to prepare resolution plan.
Source – businesstoday.in The Supreme Court of India has accepted the Centre’s proposal to take over the management control of Unitech Limited. Under this arrangement, the government will appoint 10 nominee directors on the Unitech board and complete pending projects of the company for providing relief to around 12,000 hassled homebuyers. The Supreme Court bench, led