Unitech International Ltd — Updates, 02-07-2025: Company Update

Unitech International Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company is undergoing a corporate insolvency resolution process following an order by the National Company Law Tribunal. Creditors are invited to submit claims by the specified deadline to the interim resolution professional. Meanwhile, multiple banks including Union Bank of India, GP Parsik Sahakari Bank, and Central Bank of India have issued notices regarding auction of immovable properties due to loan defaults by various borrowers. These auctions are conducted under security enforcement laws to recover dues, with properties located mostly in Gujarat and Maharashtra. Several legal notices also caution the public against dealing with these secured assets during the auction process.