Stay updated with breaking news from Simplex Infrastructure. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Activists say that the BBMP needs to take action to stop debris dumping. “There is so much garbage dumped in the area. There is also a lot of dust flying around, inconveniencing motorists. When BBMP takes on a project, it should be completed; they chopped the trees, and there is no proper deadline even now. BBMP needs to fasten the work and fence the area.
Ejipura flyover: HC directs BBMP to register FIR against company : Rashtra News #Ejipura #flyover #directs #BBMP #register #FIR #company Court asks Govt. to permit cancellation of contract Court asks Govt. to permit cancellation of contract The High Court of Karnataka on Thursday directed the Bruhat Bengaluru Mahanagara Palike to complain to the police against
Originally meant to ease traffic congestion from Madiwala to Ejipura and bridge the two points enhancing connectivity, the project now seems only to be a half-done reality, causing more inconvenience due to the debris and construction material that has piled up over the years. The work, which began mid-March, is expected to be completed in 15 months, said a senior official in charge of infrastructure projects in the city
Lenders will now hold a Swiss challenge auction on March 6, and have invited counter offers with a markup of Rs 15 crore over the anchor offer. NARCL, set up by government to acquire bad loans, will have the first right to match any counter offer. Metenere, undergoing corporate insolvency, is into lead recycling and makes non-ferrous products such as tin and aluminium. Its insolvency process, started in September 2020, is mired in litigation and, thus, it is not resolved yet.
The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier.