+
SC Allows Unitech Board to Seek Police Help
ECONOMY & POLICY

SC Allows Unitech Board to Seek Police Help

The Supreme Court of India has granted permission to the Unitech board, appointed by the Centre, to seek police assistance in managing disturbances affecting its operations. This decision comes amid ongoing challenges faced by the company, which has been under scrutiny due to various regulatory and operational issues.

The court's ruling allows the board to request police support to ensure safety and security during interactions with stakeholders and while conducting business activities. This move is seen as a proactive measure to prevent potential disruptions that could hinder the board’s efforts to stabilize and manage Unitech effectively.

Unitech has been grappling with significant challenges, including financial difficulties and disputes with homebuyers, which have raised concerns about project delays and completion timelines. By enabling police assistance, the Supreme Court aims to ensure that the board can operate without external disturbances that may exacerbate the situation.

This ruling is part of a broader effort to restore confidence in Unitech and facilitate smoother operations under the newly appointed board. The board's ability to work effectively with law enforcement will be crucial in addressing the challenges ahead and implementing necessary measures to resolve outstanding issues with stakeholders.

As the situation unfolds, stakeholders will be closely monitoring how this decision impacts Unitech's operations and its efforts to navigate through these turbulent times in the real estate sector. The court's involvement underscores the significance of regulatory oversight in corporate governance and the importance of maintaining order in such complex situations.

The Supreme Court of India has granted permission to the Unitech board, appointed by the Centre, to seek police assistance in managing disturbances affecting its operations. This decision comes amid ongoing challenges faced by the company, which has been under scrutiny due to various regulatory and operational issues. The court's ruling allows the board to request police support to ensure safety and security during interactions with stakeholders and while conducting business activities. This move is seen as a proactive measure to prevent potential disruptions that could hinder the board’s efforts to stabilize and manage Unitech effectively. Unitech has been grappling with significant challenges, including financial difficulties and disputes with homebuyers, which have raised concerns about project delays and completion timelines. By enabling police assistance, the Supreme Court aims to ensure that the board can operate without external disturbances that may exacerbate the situation. This ruling is part of a broader effort to restore confidence in Unitech and facilitate smoother operations under the newly appointed board. The board's ability to work effectively with law enforcement will be crucial in addressing the challenges ahead and implementing necessary measures to resolve outstanding issues with stakeholders. As the situation unfolds, stakeholders will be closely monitoring how this decision impacts Unitech's operations and its efforts to navigate through these turbulent times in the real estate sector. The court's involvement underscores the significance of regulatory oversight in corporate governance and the importance of maintaining order in such complex situations.

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?