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Govt proposes Unitech takeover, submits proposal in Supreme Court

The Ministry of Corporate Affairs on Wednesday submitted a proposal inside the Supreme Court for taking over the administration of the troubled precise property agency Unitech, in a switch that may ship help to homebuyers. Two senior authorities officers confirmed the occasion, saying a phrase has been given by way of the Attorney General, based on the suggestions of the apex courtroom.

MCA has in its affidavit proposed names for the board of directors for what was as quickly as crucial precise property company inside the nation. The authorities will appoint 10 directors to Unitech’s board, it is …

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