SC Stays Unitech Home Buyer Meetings On Compromise Scheme

New Delhi: The Supreme Court on Friday stayed all the upcoming meetings of homebuyers of Unitech Ltd for giving their approval or disapproval to a proposed compromise scheme forwarded by the company to enable it to complete pending projects.

Observing that it seems that an attempt has been made to "frustrate" the apex court's orders, a bench of Justices Dipak Misra and Amitava Roy said that "proposed meetings shall stand stayed till further orders".

The bench also issued notice to the company saying that "there is suspicion that it is trying to subvert the order of this court".

Source : http://zeenews.india.com/real-estate/unitech-compromise-scheme-sc-stays-all-upcoming-meetings-of-homebuyers_1951139.html

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