Supreme Court stays NCLT order on govt takeover of Unitech management

The Supreme Court on Wednesday stayed the National Company Law Tribunal order allowing the Centre to take over the management of embattled realty firm Unitech Ltd, while acknowledging Attorney-General K.K. Venugopal statesmanship to admit that the government should not have approached the tribunal while the case was pending before the highest court of the land.

A Bench comprising



Chief Justice Dipak Misra and Justices A.M. Khanwilkar and D.Y. Chandrachud took on record Mr. Venugopal's apology for approaching the tribunal.

The Court said it would hear the case on January 12, 2018.

The Court has stood firm by the distraught home buyers and has been hearing the matter so that their investments can be returned safely back to them.