Will consider out-of-court settlement with DGSCL: NHAI to HC

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

NHAI counsel Sudhir Nandrajog submitted to Justice S Muralidhar that the NHAI board has decided to hold a meeting on August 13 to consider the proposals to settle the issue between the parties.

The highway authority had told the court earlier that a meeting was held last month between the NHAI Committee and the concessionaire, Delhi-Gurgaon Super Connectivity Limited (DGSCL) and the issues between the two parties have been settled but internal approvals are required for formalising the settlement.

Justice Muralidhar granted time till August 30 to the NHAI and deferred the hearing till then.

The court earlier had directed NHAI to meet the developer to resolve the dispute and reach an amicable solution.

The court was hearing DGSCL's plea to restrain NHAI from taking any coercive action against it, including termination of the contract to operate the expressway.

The NHAI had alleged DGSCL of committing fraud in the form of re-financing the project without getting its approval.

The highway authority, while ordering termination of its deal with the private firm, had accused it of failing to improve services at the 32-lane toll plaza.

The DGSCL had approached the court after the NHAI had issued a preliminary notice to it on December 7 last year for cancelling the contract.

The high court had stayed the implementation of the NHAI notice.

  

*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 06 2012 | 3:05 PM IST

Next Story