{"id":299617,"date":"2019-11-06T10:16:54","date_gmt":"2019-11-06T04:46:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=299617"},"modified":"2019-11-06T10:22:34","modified_gmt":"2019-11-06T04:52:34","slug":"yamuna-expressway-authority-asked-to-refund-rs-41-14-cr-to-jaypee-infra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/yamuna-expressway-authority-asked-to-refund-rs-41-14-cr-to-jaypee-infra\/","title":{"rendered":"Yamuna Expressway authority asked to refund Rs 41.14 cr to Jaypee Infra"},"content":{"rendered":"<p>An arbitrational tribunal has directed Yamuna Expressway Industrial Development Authority to refund Rs 41.14 crore along with interest to bankruptcy-bound Jaypee Infratech, saying the demands raised by the authority against the builder are illegal and invalid. <\/p>\n<p>The majority order was passed last week, with presiding arbitrator Justice O P Garg and co-arbitrator Justice V K Gupta ruling in favour of this refund while another co-arbitrator Justice P K Srivastava dissenting. <\/p>\n<p>As per the judgement, the authority had demanded Rs 2,591.78 crore in January 2015 and another Rs 247 crore in May 2017 from Jaypee Infratech as &#8216;no litigation incentive&#8217; or additional compensation to be paid to the farmers whose land was acquired by the authority and then allotted to the developer for constructing Yamuna Expressway projects and other purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An arbitrational tribunal has directed Yamuna Expressway Industrial Development Authority to refund Rs 41.14 crore along with interest to bankruptcy-bound Jaypee Infratech, saying the demands raised by the authority against the builder are illegal and invalid. The majority order was passed last week, with presiding arbitrator Justice O P Garg and co-arbitrator Justice V K Gupta ruling in favour of this refund while another co-arbitrator Justice P K Srivastava dissenting. As per the judgement, the authority had demanded Rs 2,591.78 crore in January 2015 and another Rs 247 crore in May 2017 from Jaypee Infratech as &#8216;no litigation incentive&#8217; or [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-299617","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=299617"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299617\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}