{"id":525523,"date":"2022-09-28T11:38:22","date_gmt":"2022-09-28T06:08:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525523"},"modified":"2022-09-28T11:38:22","modified_gmt":"2022-09-28T06:08:22","slug":"toll-project-delhi-hc-to-hear-rinfra-arm-plea-against-axis-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/toll-project-delhi-hc-to-hear-rinfra-arm-plea-against-axis-bank\/","title":{"rendered":"Toll project: Delhi HC to hear RInfra arm plea against Axis Bank"},"content":{"rendered":"<p>The Delhi High Court will hear on Wednesday a plea by a Reliance Infrastructure (RInfra) arm seeking to restrain Axis Bank from substituting it as the concessionaire for the Pune-Satara Toll Road Project.<\/p>\n<p>PS Toll Road Pvt Ltd (PSTR), a subsidiary of RInfra, had alleged that the lender was bound by its unconditional undertaking given to the HC that it will not appoint a new concessionaire in the project and, therefore, it cannot rely upon any event under the 2010 Concession Agreement or the 2015 Substitution Agreement to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court will hear on Wednesday a plea by a Reliance Infrastructure (RInfra) arm seeking to restrain Axis Bank from substituting it as the concessionaire for the Pune-Satara Toll Road Project. PS Toll Road Pvt Ltd (PSTR), a subsidiary of RInfra, had alleged that the lender was bound by its unconditional undertaking given to the HC that it will not appoint a new concessionaire in the project and, therefore, it cannot rely upon any event under the 2010 Concession Agreement or the 2015 Substitution Agreement to do so.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-525523","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525523","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=525523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}