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Noida: The Yamuna Expressway Authority (YEIDA) will challenge the National Company Law Tribunal’s (NCLT) June order approving a resolution plan for th.
Yamuna Expressway Authority had previously raised objections to the resolution plan in the NCLT over dues, however, these were dismissed by the National Company Law Tribunal.
3C Homes: Earlier, the National Company Law Tribunal (NCLT) had denied its approval following opposition filed by some of the allottees and was challenged before the appellate tribunal NCLAT, which had remanded the matter back with certain directions.
Legal experts say that are of the view that the order will pave the way for other projects that are stuck because of disputes with governing bodies
Earlier, the National Company Law Tribunal (NCLT) had denied its approval following opposition filed by some of the allottees and was challenged before the appellate tribunal NCLAT, which had remanded the matter back with certain directions. The resolution plan offers "100 per cent of the principal of farmer's compensation (Rs 71.66 crore), which is included in Rs 173.46 crores agreed to pay to Yamuna Expressway Industrial Development Authority (YEIDA)".