What does Unitech Ltd do?
Unitech Ltd is a leading real estate developer in India. The business operations of the company consists of construction contracts development of real estate consultancy and management services hotels manufacturing of power transmission and telecom towers.
What is the Unitech case?
A chargesheet against debt-stricken property developer Unitech’s former promoters Sanjay Chandra, Ajay Chandra and others set to be filed next week can rely on a Supreme Court-appointed forensic auditors’ report, the court ruled on Thursday, in a move that the investing agency has said will make for a stronger case.
Where is Sanjay Chandra now?
Sanjay Chandra, the ex-promoter of the Unitech Group, is currently lodged in a Mumbai jail along with his brother Ajay. Both were arrested in 2017 by the Economic Offences Wing of the Delhi Police in connection with real estate fraud.
Why are Unitech owners in jail?
The Enforcement Directorate (ED) has arrested promoters of Unitech Ajay Chandra and Sanjay Chandra in a money laundering case. The arrests were made after the federal probe obtained the Supreme Court’s permission. The brothers were earlier lodged in Mumbai’s jail.
Is Suzlon buying Reliance?
MUMBAI, SEPTEMBER 03: Reliance Industries Ltd Thursday said it has no plans to acquire stake in Suzlon Energy Ltd. Earlier, media reports had said Reliance Industries may acquire stake in the wind turbine maker. The reports did not cite the source of the information.
Is Preeti Chandra still in jail?
Preeti Chandra, the wife of Sanjay, is presently lodged in jail number 6 (woman ward) of Tihar Jail. His father Ramesh Chandra is in jail number 2 of Tihar Jail. Preeti was arrested in 2018.
Is Suzlon a good buy 2021?
Sumeet Bagadia recommends Suzlon energy latest news the latest News Of Suzlon Energy Share Are The Company Will Pay its All Over DEBT in The Year Of 2020-2021. So Suzlon Energy Share Price Are In Positive Way And Also At The Level Of 52weak High Level.
Who is preeti Chandra?
The Supreme Court Wednesday was told by Enforcement Directorate that former Unitech promoter Sanjay Chandra’s wife Preeti Chandra, lodged in Tihar Jail in a money laundering case, is a “serious flight risk” and was the “mastermind of conspiracy” to pass on the information inside Tihar jail when her husband was lodged …
What is future of Suzlon share?
As on 17th Jun 2022 SUZLON Share Price closed @ 7.70 and we RECOMMEND Sell for LONG-TERM with Stoploss of 8.44 & Strong Sell for SHORT-TERM with Stoploss of 9.51 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is Suzlon debt free?
As per a presentation made to the joint lenders’ forum, Suzlon has an estimated debt obligation of ₹882 crore till September 2022, which will be ‘extremely challenging for it to service going forward,’ the company said.