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Jaypee Group Should Pay Rs. 108 Crore Dues Or Lose 1,000-Acre Land For Buddh International Circuit

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Jaypee group should pay Rs. 108 crore dues or lose 1,000-acre land for Buddh International Circuit and Jaypee Sports City, Yamuna Expressway Industrial Development Authority (YEIDA) authorities said.

The load up has chosen to concede the Jaypee group, which should make the payment by September, a last month’s an ideal opportunity to clear their obligations, or face coercive activities including dropping of land apportioning, a senior authority said.

The Jaypee group’s two holding organizations Jaiprakash Associates Ltd and Jaypee Infratech Ltd are confronting bankruptcy procedures. The specialist has likewise chosen not to climb toll impose costs on the 165-km long Yamuna Expressway, the authorities said amid YEIDA’s 64th Board meeting held Tuesday in Greater Noida.

The expert has likewise given a gesture for opening seven filling stations and 12 lodgings along the turnpike in Sector 18, 20 and 29. The towns in the zone will get 377 hand siphons and furthermore get 180 sanitation specialists, up from 80 at present, YEIDA CEO Arunvir Singh said.

On the upcoming Jewar International Airport, the administrator said essential customs have been finished by the legislature and the remaining is nearing fulfillment. Mr Kumar said the offer archive for the airplane terminal has been affirmed by Project Monitoring and Implementation Committee (PMIC) and would now be sent to the state bureau.

About the author

Craig Arnold

Craig is a professional journalism graduate at the London School of Journalism. He has been in the online publishing industry for over ten years, and have served multiple media companies both online and on paper. He is also an online entrepreneur with businesses ranging from drop shipping to blogs and other monetization.

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