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SC reserves order on auction of Unitech assets
New Delhi, May 14 (IANS) The Supreme Court on Monday reserved its order on the likely auction of 618 acres of reality major Unitech’s lands located in Agra, Varanasi and Tamil Nadu to realise the money to be paid to the home buyers seeking refund of their investment.
The bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud reserved the order after more than hour and half-long hearing where it was suggested that a retired judge of Delhi High Court be nominated to oversee the auction, which court indicated to be completed in two months.
The court was told that e-auction was the easiest way to put the assets to sale. This was said in response to a query by the court about the easiest way of auctioning the assets.
In response to another query by the court on the time that would be taken in auctioning the lands, the court was told that it may not happen soon as bids have to called and finalised.
The reality major has 99 acres of land in Agra, 130 acres in Varanasi and about 400 acres of land in Tamil Nadu. Of the 99 acres, only 88 acres of Agra holding of the Unitech can be put to auction.
The Supreme Court had on April 9 ordered that a public notice inviting objections to the sale of assets of real estate major be issued for auctioning them, in order to pay back home buyers seeking refund of their money.
The issuance of public notice in requisite number of local and national newspapers which have wide circulation was aimed at ensuring that properties are unencumbered before they are put to sale.
Meanwhile, the court on Monday ordered for the disbursal of Rs 40 crore to the home buyers seeking refund of their money on pro-rata basis.
Unitech’s Managing Director Sanjay Chandra and his brother Ajay were arrested in April last year after investors, who did not get flats in the company projects as promised, filed complaints of cheating against them.
They were sent in judicial custody after the trial court refused to extend the three- month interim bail granted to them in April.
The Delhi High Court too refused to extend the interim bail that ended on August 10 last year.
–IANS
pk/nir
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.