Giving primacy to the environment over expansion of road networks and other linear projects like laying down pipelines, the Supreme Court has quashed a four-year-old central notification exempting digging or sourcing of earth for such infrastructural schemes from prior mandatory environment clearance (EC).
Supreme Court criticises highway system, directs officers to remove encroachments. Ministry orders inspections to detect unauthorized occupation. NHAI project directors, NHIDCL managers designated as Highway Administrations. Cost recovery, traffic regulation emphasized for highway maintenance.
The report set off an over USD 150 billion selloff in the conglomerate's stocks and led Gautam Adani - who was listed as the world's second richest at the start of 2023 - to slip out of the top 20. The stocks have since recovered most of the losses.
Other major donors from the infrastructure, real estate and mining sector include Vedanta Ltd at Rs. 400 crore, DLF Group at Rs. 170 crore, Jindal Steel and Power Ltd at Rs. 123 crore, Navayuga Engineering Company Ltd at Rs. 55 crore, Prathamesh Constructions at Rs. 25 crore, among others.
The dispute arose out of a contract wherein L&T was to set up a sinter plant under crude steel expansion at Rourkela Steel Plant. The contract between SAIL and L&T was to be executed between 2008 and 2011, but the contractor had completed 98% of the work during this period.
Ace Aviation seeks expedited sale of three aircraft previously owned by Jet Airways by approaching NCLAT. It argues for possession of assets, transfer of ₹340 crore, and highlights the complex technology and restoration efforts required for the aircraft.
In May 2017, an arbitral tribunal ruled in favour of Delhi Airport Metro Express Private Limited, which had pulled out of running the Airport Express metro line over safety issues, and accepted its claim that running the operations on the line was not viable due to structural defects in the viaduct through which the trains would pass.
Delhi govt releases overage vehicles on NOC or private parking. Guidelines prevent pollution. Repeat violation leads to scrapping. Supreme Court and Delhi High Court involved. Transport department handles end-of-life vehicles. Online platform for process facilitation. Scrapping facilities involved. Impoundment drive halted by transport minister.
The Adani Group's flagship firm Adani Enterprises may reduce its stake in either the airport-holding firm or the green hydrogen business, or both, for investment funds, the report added, citing a source close to the development.
The Supreme Court directed SpiceJet to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six months to settle arrears with Credit Suisse.
The Supreme Court of India has overturned a Delhi High Court decision that dismissed Indian Oil Corp's (IOC) petition for the appointment of an arbitral tribunal to settle a Rs 8,772 crore ($1.2 billion) claim against ArcelorMittal Nippon Steel.
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