The Hyderabad HC has directed the Telangana government and Telangana State Industrial and Infrastructure Corporation to pay over Rs 660 crores to Unitech Limited, for their failure to hand over land for a development project.
The Hyderabad High Court has directed the Telangana government and Telangana State Industrial and Infrastructure Corporation (TSIIC) to pay over Rs 660 crores to debt-laden Unitech Limited, towards principal and interest, in a case related to a land development project in 2008.
Justice MS Ramachandra Rao gave the direction, on the petition by Unitech Limited in the case pertaining to development of 350 acres of land in Hyderabad, in 2008, by the company.
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