Govt wants to take over Unitech over mismanagement & diversion of funds – Business Standard

December 8, 2017
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Business Standard
In an effort to rectify the wrongs committed by an erring private firm, the government has moved National Company Law Tribunal (NCLT) to take management control of realty major Unitech on grounds of mismanagement and diversion of funds. Unitech …
NCLT restrains Unitech directors from acting as board, says govt can appoint interim nomineesHindustan Times
NCLT allows govt to appoint 10 directors on Unitech boardLivemint
NCLT allows govt to take control of Unitech; corporate affairs ministry to nominate 10 directorsEconomic Times
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