Supreme Court relief for Jaypee Group firm Jaiprakash Associates

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SummaryHigh Court’s order asked the Jaypee Group firm to pay Rs 100 crore as penalty.

In a breather to infrastructure company Jaiprakash Associates, the Supreme Court on Wednesday stayed till April 20 the Himachal Pradesh High Court’s order that asked the Jaypee Group firm to pay Rs 100 crore as penalty for setting up its captive thermal power plant without environment clearance.

With this order, the firm will not have to pay its second instalment of Rs 25 crore, due on March 31, till the next date of hearing. It had paid the first instalment of equal amount.

Jaiprakash Associates had sought early hearing before the bench headed by Chief Justice Altamas Kabir. The original bench of justices AK Patnaik and HL Gokhale, which admitted the matter earlier in November last year, had refused to grant stay of the dam ordered by the High Court.

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