New Delhi, Dec 12 (UNI) The Supreme Court on Tuesday deferred for tomorrow the hearing of a plea by real estate major, Unitech, seeking a stay on a NCLT order which had restrained all its directors from discharging their duties.
Unitech is Rs 8,000 crore in the red.
A bench, headed by Chief Justice of India Dipak Misra and also comprising Justices AM Khanwilkar and DY Chandrachud, questioned the Centre as to why it did not take permission from the apex court to move the National Company Law Tribunal for suspension of directors and their substitution by government nominees.
Additional Solicitor General, Tushar Mehta, appearing for the Union of India, informed the bench that he will take instructions from the Centre and apprise the apex court tomorrow.
The NCLT on Friday had restrained all the Unitech directors from discharging their duties.
This was subsequently challenged by the real estate giant.
The apex court had observed that it was more concerned about the home buyers and not the real estate company.
It had earlier sought information from the Ministry of Corporate Affairs on how Unitech would refund home buyers.
The Supreme Court had also sought Rs 750 crores from Unitech Ltd by December end.
UNI XC RP1559/1935