Delhi-Gurgaon E-way crisis closer to resolution

Jan 28 2014, 09:41 IST
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NHAI told the court that it was willing to give a consent order by next day itself on Delhi-Gurgaon E-way crisis. Reuters NHAI told the court that it was willing to give a consent order by next day itself on Delhi-Gurgaon E-way crisis. Reuters
SummaryNHAI told the court that it was willing to give a consent order by next day itself on Delhi-Gurgaon E-way crisis.

go off. Earlier, IDFC had requested for more time to get all the other lenders on board to take the settlement procedure forward.

In case the substitution happens, then the new operator will take over the project, along with all the other concessions and liabilities with respect to NHAI and the lenders, except the dues arising prior to the appointment of IDFC consortium as a receiver of the project. The understanding between DGSCL and IDFC comes at a time when both NHAI and the highway ministry have refused to entertain any charges being raised by the developer and lenders.

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