Nagpur: Facing liquidation, Mumbais Unity Infraprojects Private Limited has sought an early exit from the cement road project phase I in which it was to construct 30 roads. The company has written to the Nagpur Municipal Corporation (NMC) that it will complete the ongoing works on eight roads and skip nine other stretches.
It has so far constructed 12 roads over eight years with one sector dropped from the contract earlier. Unity was to complete the entire project by 2013.
Sources in Unity and NMC told TOI that the Mumbai bench of National Company Law Tribunal (NCLT) has declared the company insolvent. It is facing liquidation. Also, the company is controlled by a Resolution Professional since the last few months. Therefore, Unity cann…
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