Supreme Court orders sale of assets of Unitech directors


New Delhi : The Supreme Court on Tuesday directed a panel headed by former Delhi High Court judge Justice S N Dhingra to go ahead with sale of unencumbered assets of the directors of real estate major Unitech to refund money to hassled home buyers.

A bench headed by Chief Justice Dipak Misra asked the panel to proceed with the sale of the firm’s properties in Kolkata.

The bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, directed the committee to disburse Rs 25 crore to home buyers on pro rata basis and allowed lawyer Pawanshree Agarwal, who is assisting the court as an amicus curiae, to appoint two more persons to help him in the process.


“The committee may proceed with the sale/auction of unencumbered assets of the directors (of Unitech),” the bench said.