NCLAT Hauls Unitech Ltd for Defaulting Payment to Deposit Holders - 28.02.2020

National Company Law Appellate Tribunal has directed Unitech Limited to repay the amount(s) to its deposit holder’s penedente lite along with future interest @ 12.5% per annum from the date of maturity of the respective Fixed Deposit Receipts. The Tribunal has also imposed a cost of Rs. 50,000/- to each of the deposit holders, setting aside the order of National Company Law Tribunal, New Delhi.

Tags : National Company Law Appellate Tribunal Unitech Ltd

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