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SC asks Telangana Infra Corp to refund Rs165 cr with interest to Unitech
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The Supreme Court on Wednesday directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crore with interest to cash-strapped real estate firm Unitech, in connection with development of an integrated township project in Ranga Reddy district.
A bench comprising Justices D.Y. Chandrachud and M.R. Shah said: Unitech shall be entitled to a refund of an amount of Rs 165 crore together with interest at the SBI-PLR commencing from the respective dates of payment, computed in accordance with the provisions of the Development Agreement (except for compounding).
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SC asks TSIIC to pay Unitech Ltd Rs 165 cr with interest in case related to township project
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SC asks TSIIC to pay Unitech Ltd Rs 165 cr with interest in case related to township projectPTI
Last Updated: Feb 17, 2021, 09:01 PM IST
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In a relief to cash-strapped Unitech Ltd, the Supreme Court Wednesday directed Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crores with interest to the real estate firm which could not be handed over about 350 acres of land to develop an integrated township project in Ranga Reddy District.
In a relief to cash-strapped Unitech Ltd, the Supreme Court Wednesday directed Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crores with interest to the real estate firm which could not be handed over about 350 acres of land to develop an integrated township project in Ranga Reddy District. In August 2008, And
A bench comprising Justices D Y Chandrachud and M R Shah upheld the key directions given in two judgements of the single judge and the division bench of the Telangana High Court respectively in favour of the real estate firm
The Supreme Court on Wednesday directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crore with interest to cash-strapped real estate firm Unitech, in connection with development of an integrated township .