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India invokes rarely-used measure to gain control of embattled developer Unitech Ltd

Government's petition hinges on allegations of fund diversion adversely affecting public interest

New Delhi

INDIA'S bankruptcy court allowed the government to appoint new management for real estate giant Unitech Ltd in a rare move, as the corporate affairs ministry sought to take control of the embattled company.

The National Company Law Tribunal...

sentifi.com

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