PIL Stalls Work of an Approved Project by Eros Group

Image
Press Trust of India NEW DELHI and FARIDABAD
Last Updated : Aug 07 2019 | 10:55 AM IST

/ -- Ajay Enterprise Pvt. Ltd. (AEPL), which is a part of Eros Group of Companies, was granted a license bearing No. 20 of 2013 by Director General, Town & Country Planning (DGTCP), Haryana to develop a Group Housing Colony on the project land measuring 52.825 acres at Sector 43, Faridabad.

Faridabad is one of the largest Satellite Towns of New Delhi and it has vast scale industries as well as residential development. To develop this project, AEPL had also entered into a Collaboration Agreement with Bharti Realty Ltd., which is Airtel Group Company. Everybody was hoping that this development would have brought world-class housing project very close to Delhi border at a reasonable price. However, the said project became a target of a Public Interest Litigation (PIL) filed before the Hon'ble National Green Tribunal (NGT).

In March, 2019, the NGT had passed an order declaring the project land to be a 'Deemed Forest'. Since then AEPL filed a petition before Hon'ble Supreme Court of India wherein the bench headed by justice Rohinton Fali Nariman was pleased to order that all permissions granted to AEPL for its proposed project were to remain valid.

Avneesh Sood, Director of Eros Group revealed, "Recently, the Hon'ble Supreme Court has seized the matter while admitting the Appeal filed by the land owners i.e. Eros Group, as well as, State of Haryana and ordered that the permissions granted to the project not to be cancelled, clearly indicating that the order passed by Hon'ble NGT is wrong in the eyes of law. If India is to grow and generate more jobs, then our courts must stop giving judgments merely on public perceptions on the behest of so-called environmentalists."
He further added, "We have to find a middle path wherein human lives can be benefitted from the environment and vice versa. Stalling projects, with all legitimate permissions, will create not only a fear factor among the business fraternity, but also discourage them to venture into new projects. Therefore, the present decision of Hon'ble Supreme Court is most laudable and welcomed."
About Eros Group:

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: Aug 07 2019 | 10:55 AM IST

Next Story