SC asks govt to consider taking over Unitech

SC asks govt to consider taking over Unitech
10/05/2019 , by , in News/Views

The Supreme Court on Thursday asked the government to look into the possibility of it taking over the Unitech Group and complete the pending housing projects to protect the interest of home buyers.

A two-judge bench headed by Justice D.Y. Chandrachud said it would like to hear Attorney General K.K. Venugopal’s views in the matter. The government could look at the possibility of completing these housing projects, which would be a relief for home buyers, who had invested their hard-earned savings into it.

During the hearing, the forensic auditors told the court that officials of Unitech were not cooperating in divulging details of data, especially diversion of funds, to other entities.

Learning about the non-cooperation of Unitech officials with the forensic auditors, the court said in view of such happenings, it will have no other option but to hand over the case to the CBI.

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