New Delhi [India], April 20 (ANI): The Supreme Court on Wednesday appointed former judge, Justice AM Sapre to assist the board of management of real estate firm Unitech for the purpose of sale and monetization of the land assets.

New Delhi Mar 30 PTI The Supreme Court on Wednesday appointed a former apex court judge as an arbitrator to decide the dispute between Unitech Ltd and the Andhra Pradesh Industrial Infrastructure Corporation APIIC for development of an integrated Vizag cityA bench comprising Justices D Y Chandrachud and M R Shah named former apex court judge Justice Subhash Reddy as an arbitratorThe direction came on an application filed by Unitech Ltd seeking direction for refund of Rs 270 crore together with interest at 18 per cent annum by the APIIC The counsel for Unitech Ltd told the apex court that APIIC has proceeded on the basis that the development agreement was not ratified by board of directors and therefore not binding APIIC counsel argued before the apex court that Unitech invoked arbitration so it would not be appropriate to issue direction in the from of decree The submission by Unitech that this court should pass a decree for refund with interest cannot be enquired into in absence of adjudication of claim and the defence for the plea of refund We are of the view that ends of justice would be met by appointing a sole arbitrator to arbitrate upon dispute Accordingly we order and direct that Justice Subhash Reddy stands appointed as sole arbitrator to arbitrate upon dispute the bench said On August 1 2007 bids were invited by APIIC in a public private partnership over 1750 acres of land for setting up the Integrated Vizag Knowledge City project at Kapuluppada in Visakhapatnam On 21 September 2007 letter of award was issued in favour of Unitech Ltd and on July 17 2008 the development agreement was executed However the agreement was cancelled for non-implementation of the project Aggrieved by this Unitech invoked the arbitration clause on May 27 2011 and after furnishing notices filed an application before the Andhra Pradesh high court under the arbitration act which is pending before it PTI PKS SA

New Delhi Feb 18 PTI The Enforcement Directorate has filed a fresh chargesheet before a court here in connection with its money laundering probe against realty group Unitech its promoter brothers Sanjay Chandra and Ajay Chandra and others the federal agency said on Friday The chargesheet was filed on Thursday before the Rouse Avenue court here and the court has taken cognisance of the prosecution compliant field under various sections of the Prevention of Money Laundering Act PMLA it said Sanjay Chandra Ajay Chandra Ramesh Chandra their father and founder of the Unitech group Preeti Chandra wife of Sanjay Chandra Rajesh Malik promoter of accused company Carnoustie group and 66 domestic and overseas companies have been arrayed as accused in the chargesheet the Enforcement Directorate ED said All five are in judicial custody at present This is the second chargesheet by the agency against the accused The first was filed on December 2 last year The ED had filed a money laundering case against the group its promoters and linked companies on June 6 2018 on the directions of the Supreme Court and also after taking cognisance of two Delhi Police FIRs filed by the economic offences wing EOW and the Saket police station The agency has conducted as many as 43 raids in this case issued 11 attachment orders which includes 297 domestic and overseas assets worth a total of Rs 763 crore till now Properties of other accused companies like Carnoustie Group Shivalik Group Trikar Group as well as the personal and shell dummy companies linked to the Chandras have been attached it said The ED said the total proceeds of crime detected in this case stand at Rs 6352 crore and it has also filed five status report before the apex court updating it about the investigation being conducted under the criminal sections of the PMLA PTI NES AQS AQS

New Delhi [India], February 10 (ANI): The Supreme Court on Thursday allowed the Enforcement Directorate to rely on the court-appointed forensic auditors' report in its chargesheet which is to be filed against Unitech's former promoters Sanjay Chandra, Ajay Chandra and others.

New Delhi [India], October 6 (ANI): Supreme Court on Wednesday ordered a full-fledged probe into the collusion of Tihar Jail officials who allegedly helped ex-Unitech promoters Sanjay Chandra and Ajay Chandra run a secret office while they were in jail.

New Delhi [India], October 4 (ANI): Enforcement Directorate (ED) on Monday arrested the founder of Unitech Ramesh Chandra, his daughter-in-law Preeti Chandra and wife of Sanjay Chandra under the Prevention of Money Laundering Act, 2002.

New Delhi [India], August 29 (ANI): The erstwhile promoters of realty firm Unitech, Sanjay Chandra and Ajay Chandra, have been shifted from Delhi's Tihar Jail to Arthur Road Jail and Taloja Central Jail in Mumbai respectively as per the court order according to Director-General of Tihar Jail.

New Delhi [India], August 26 (ANI): Sanjay Chandra and Ajay Chandra, the erstwhile promoters of realty firm Unitech, will be shifted from Delhi's Tihar Jail to Mumbai's Arthur Road and Taloja Jail respectively, said Supreme Court on Thursday.