In a first, Supreme Court orders auction of Unitech directors' assets
Thursday, August 23, 2018 IST
HIGHLIGHTS
*This is the first time that the SC has ordered auction of personal assets of directors of a distressed firm
*Last year, the court had asked Unitech to deposit Rs 750 crore by December 31, 2017, but the realtor failed to do so
*Company's managing director Sanjay Chandra and his brother are in jail for nearly a year
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