DND toll row: SC stays arbitral proceedings

Image
Press Trust of India New Delhi
Last Updated : Apr 12 2019 | 5:55 PM IST

The Supreme Court Friday stayed arbitral proceedings between the Noida authority and private firm NTBCL over issues related to toll collection on Delhi-Noida Direct Flyway.

A bench of Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna passed the order while hearing an interim application filed by the Noida authority which has challenged the arbitral proceedings.

"We deem it appropriate to stay the arbitral proceedings," the bench said.

The interim application was filed by the authority in a pending appeal filed by Noida Toll Bridge Company Ltd (NTBCL), which was running the flyway, in the apex court against the Allahabad High Court's order.

In October 2016, the high court had asked NTBCL to stop collecting toll from commuters plying on the DND flyway.

During the hearing on Friday, the apex court initially observed, "If the arbitrator wants to decide the matter, we will not interfere but if arbitrator does not decide the matter, then we will look into it."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Apr 12 2019 | 5:55 PM IST

Next Story