Government appoints Prabhakar Singh as new nominee director on Unitech’s board

Crisis-hit Unitech Ltd on Monday said Prabhakar Singh has been appointed as government’s nominee director on the company’s board.

“Prabhakar Singh is appointed as nominee director of the central government on the board of directors of Unitech Ltd, with immediate effect,” the company said in a regulatory filing.

Earlier, Singh was former director general of CPWD.

Yudvir Singh Malik, a Haryana-cadre IAS officer, has been appointed as the chairman and managing director of the company as per the court order. There are seven other members on the board.

The company’s board has been superseded by the central government on the Supreme Court’s direction.

Last month, the Supreme Court allowed the Centre to take total management control of the embattled realty firm and appoint a new board of nominee directors. The decision would bring respite to over 12,000 hassled homebuyers of Unitech. (Source:Livemint)

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