Unitech shares crash after SC stay order on govt takeover of realty major

The Supreme Court today stayed the order of National CompanyLaw Tribunal (NCLT) ordering the supersession of the board of realty major Unitech.The move, which came after the Attorney General's admission that the governmentpetition to NCLT was a mistake, triggered a crash of Unitech shares. The shareswhich opened around Rs 7.5 levels, slipped by upto14 per cent to Rs 6.61 by noon after thestay on government move became public. The stay puts the focus back on the recovery effortsinitiated by the Supreme Court. Promoters Sanjay and Ajay Chandra, who are injudicial custody have been allowed special facilities to negotiate sale of thegroup's unencumbered assets to raise Rs 750 crore by the end of December. Over 4700 homebuyers have submitted their claims for refundthrough the portal created by the Supreme Court, running up dues of over Rs 1,800crore. For family members of Chandras, who were seen anxiously discussingthe details with lawyers, the wait is not over. Though the next hearing of .