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HC quashes lease for 40 acres land given to Jaypee group's

Press Trust of India  |  Allahabad 

The High today quashed the lease for 40 acres of land granted to a run by Jaypee group to set up a private university in western Uttar Pradesh's Bulandshahr district.

A division bench comprising Justice Arun Tandon and Justice Rituraj Awasthi passed the order on the filed by one Nathimal who had challenged the lease granted to Jayprakash Seva Sansthan, a run by Jaypee group, in 2009 for a period of 90 years.

The petitioner had claimed that the lessee was asked to pay a paltry sum of Rs 40,000 annually by way of rent which had resulted in an estimated loss of about Rs 24 crore to the state exchequer.

Passing the order, the said that the district magistrate of Bulandshahr shall re-evaluate the land and if the lessee agreed to pay the rent as per the actual value, then the same "may be re-allotted".

The also rapped the Nagar Palika Parishad (municipal board) of Anoopshahr, which had transferred the land in the lessee's name, for failure to hold an auction in accordance with the state government's policy before granting the lease in favour of a private party.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 23:07 IST