Why not pay HCC dues of Rs 6,070 crore? SC asks govt and NHAI
The Supreme Court has asked the Centre and NHAI as to why they should not be asked to pay arbitration award dues of Rs 6,070 crore to Ajit Gulabchand-led Hindustan Construction Company (HCC), which is facing insolvency proceedings before the National Company Law Tribunal.
A bench led by Justice RF Nariman last week issued notice to ministries of finance, road transport and highways and law & justice and company affairs and also NHAI, NHPC, Ircon International, NTPC and National Institution for Transforming India in this matter.
