SC orders auctioning of Unitech’s properties
New Delhi, April 9
The Supreme Court on Monday took note of all the unencumbered assets of Unitech and ordered that a public notice be issued inviting objections for auctioning them to realise the dues of the hassled home buyers.
A Bench headed by CJI also imposed a cost of Rs 75 lakh on Om Shakti Agency (Madras) Pvt Ltd for its submission that it cannot deposit Rs 90 crore with the apex court Registry in lieu of purchasing Unitech Ltd’s property near Chennai.
The company had earlier said it would purchase the land of Unitech and deposit the money with the apex court, which in turn would have disbursed it to the home buyers who wanted their money back. — PTI
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