Supreme Court asked Unitech to file a list of unencumbered properties

     Written by : SMTV24x7 | Mon, Mar 05, 2018, 10:36 PM

Supreme Court asked Unitech to file a list of unencumbered properties

New Delhi, March 05: The Supreme Court on Monday asked Unitech to file a list of its unencumbered properties including that of its subsidiaries -- both in India and abroad -- as it again did not say anything on the bail plea by the real estate major's Managing Director Sanjay Chandra.

"... the competent authority of the Unitech Limited shall file an affidavit mentioning the details of its properties and its subsidiaries, situate in India as well as outside, which are free from encumbrances," the court said.

A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud added: "If the affidavit is not true, proceedings shall be initiated under Section 340 of the CrPC."