The Supreme Court will hear the appeal of Unitech tomorrow. The court today said the company law tribunal, NCLT, should have taken its permission before allowing the Centre to take over the management of embattled realty firm Unitech Limited. <br/><br/>A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud, took note of the submissions of senior advocate Mukul Rohatgi, appearing for the realty firm, that the Tribunal passed an interim order without hearing the company and its directors who are in jail.<br/><br/>The bench gave one more day to Additional Solicitor General Tushar Mehta to seek instruction from the concerned authorities on the appeal of Unitech Limited against the order of the NCLT.<br/><br/>The NCLT, on December 8, had suspended all the eight directors of the realty firm over allegations of mismanagement and siphoning of funds and had authorised the Centre to appoint its 10 nominees on the board. <br/><br/>The NCLT order had come after the Centre moved the panel with a view to protect the interest of nearly 20,000 home buyers.
News On AIR | December 12, 2017 1:33 PM
Govt takeover of Unitech: NCLT should have taken our leave, SC