Justice Dinesh Kumar Sharma said the parties shall file brief written submissions not exceeding five pages.
The Supreme Court on Wednesday directed a full-fledged probe into the collusion of Tihar jail officials with Unitech's imprisoned ex-promoters Sanjay and Ajay Chandra, based on Delhi police commissioner Rakesh Asthana's report filed in a sealed cover.
The complaint was filed by Gurgaon resident Paramvir Singh Narang alleging that he had booked a flat in Unitech Cascades at Greater Noida in 2006, which was to be handed over by April 2008 but the company failed to abide by its agreement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Trial in the 2G spectrum case, involving former Telecom Minister A Raja and 16 others, on Monday resumed in a Delhi court after nearly a month with the special judge asking everyone not to discuss the matter outside the courtroom.
Unitech Corporate Parks Plc, the real estate investment company listed on London's Alternative Investment Market in which developer Unitech Ltd holds a 40 per cent stake, has decided to put one of its largest assets in India on the block with a valuation of Rs 3,000 crore.
Earlier, Special Central Bureau of Investigation judge O P Saini had rejected Chandra's plea seeking permission to go to Mount Elizabeth Hospital at Singapore for the treatment of his minor son, who has been suffering from a kidney problem earlier and now been diagnosed with diabetes.
Telenor suggested that he be replaced by another representative of the promoters.
Norwegian firm Telenor, the majority partner in Uninor, has asked Sanjay Chandra to step down from the post of Chairman of Unitech Wireless in the wake of ongoing 2G court case.
The board of Unitech Ltd, the country's second largest realty company, has approved a plan to raise Rs 5,000 crore through debt and equity issues and will convene an extraordinary general meeting on January 19, 2009 for shareholder approval. Sanjay Chandra, Unitech managing director, said today's proposal was a flexible enabling provision.
The company switched its focus from premium housing to affordable and mid-income projects to stay afloat
In a presentation to investors, the company said it has become a key player in all four metros.
Unitech Ltd, the country's second largest real estate firm, has decided to sell its 200-room budget hotel Courtyard by Marriott in Gurgaon ahead of its inauguration in January 2009.
This comes right after DLF, the largest property developer, brought out a range of measures to soothe restive customers at a couple of other housing projects at Gurgaon. The Unitech customer ire is due to alleged delay in completion of World Spa, apartments and villas that carry an average price tag of over Rs 1 crore (Rs 10 million) per unit.
In the last seven months, the company has launched more than 30 projects, with a saleable area of 21.3 million sq ft. Out of this, it has already sold 10.11 million sq ft of area.
The sold property, which was originally built as the company's corporate office, has gone to a wealthy individual. The entire money is expected to be received by June, an informed source said. The realtor had been negotiating the office property's sale for a few months and had finally closed the deal, the source said. A company spokesperson declined to comment.
Unitech Ltd, the country's second largest developer, on Friday said it has sold out a hotel in Gurgaon for Rs 231 crore (Rs 2.31 billion) and is in advance stages of talks for selling out an office complex in the national capital.
60 per cent of home buyers are shying away from pre-launches.
This is the second instance of a realty firm foraying into telecom in less than a month. In August, Delhi-based Parsvnath Developers had submitted an application to the DoT for a Unified Access Service licence in 22 circles.
Unitech Ltd, the country's second largest realty firm, has forayed into the Mumbai's property market and plans to invest Rs 4,000 crore (Rs 40 billion) in the next three years on real estate development. According to company sources, Unitech plans to develop three million sq ft, primarily office space, in Central Mumbai in the next three years and is targeting to construct up to nine million sq ft in the next five years.
Real estate developer Unitech Ltd is bringing the super-luxury chain of hotels, Ritz Carlton, to Kolkata's Royal Calcutta Golf Club.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Real estate firm Unitech Ltd will invest Rs 1,800 crore (Rs 18 billion) in the next 4-5 years, to develop an exclusive residential project at Greater Noida.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
The Supreme Court on Thursday directed that former Unitech promoters Sanjay Chandra and Ajay Chandra be shifted from Tihar Jail in Delhi to Mumbai's Arthur Road Jail and Taloja prison in Maharashtra after the ED said they were conducting business from the premises in connivance with the staff.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.
The Delhi high court on Tuesday refused to grant early hearing on the Central Bureau of Investigation's appeal challenging the acquittal of former Union telecom minister A Raja and others in the 2G spectrum allocation scam case.
The high court's order came on a plea by acquitted individual and Kusegaon Fruits and Vegetables Pvt Ltd director Asif Balwa that the CBI has not placed on record the mandatory authority under the provisions of the CrPC.
The matter was mentioned before a bench of Delhi high court's acting chief justice Gita Mittal and kustice C Hari Shankar by Additional Solicitor General Tushar Mehta. The court allowed it to be listed for hearing on Wednesday.
A bench headed by Justice H L Dattu turned down the plea of CBI which had approached the apex court for cancellation of bail after Chandra was allegedly caught on tape trying to influence A K Singh, the then public prosecutor in the case.
A bench headed by Justice G S Singhvi granted two weeks time to Chandra to file his response on CBI's petition alleging that he had misused the relief given to him by approaching the then CBI prosecutor A K Singh and trying to 'materially interfere' with the prosecution in an 'attempt to influence' the conduct and outcome of the trial.
Former Telecom Minister A Raja had "misled" then Prime Minister Manmohan Singh regarding policy of first-come-first-served which was to be followed for allocation of 2G spectrum, Central Bureau of Investigation on Monday told a special court.
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
The accused had also requested the court to take on record the written answers afresh.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
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