AOL asked to pay Rs.4.75 crore as environment compensation

Image
IANS New Delhi
Last Updated : May 31 2016 | 1:44 PM IST

The National Green Tribunal (NGT) on Tuesday directed Art of Living (AOL) foundation to pay the remaining Rs.4.75 crore as environment compensation for damages incurred to Yamuna flood plains because of the World Culture Festival held in March.

NGT had levied Rs.5 crore environment compensation on the foundation out of which it had deposited Rs.25 lakh before the three-day event kicked off on March 11.

The principal bench of Justice Swatantra Kumar rejected AoL's plea where the foundation argued to pay the remaining amount through a bank guarantee.

Another plea in which AoL asked for reconstitution of the expert committee that had recommended Rs.120 crore environment compensation will come up for the hearing later in the day.

--IANS

vin/av/py/vm

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2016 | 1:38 PM IST

Next Story