Embattled real estate firm Unitech Ltd. was on Wednesday directed by the Supreme Court to deposit Rs. 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurugram project but not got possession on time. 10 crore in the apex court registry by the end of next month to pay back the amount to 38 investors. We will later consider whether interest will be paid to them [investors],” the Bench told senior advocate Kapil Sibal who was representing Unitech. Nothing is moving.”Mr. Sibal told the Supreme Court that there should be some solution to the issue.

Source: The Hindu August 17, 2016 19:07 UTC