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Search results for ntbcl

Perpetual Toll Collection Arbitrary; No Entity Can't Be Allowed Unjust Enrichment At Public Cost : Supreme Court In DND Flyway Case
Trending News
2 days, 8 hours ago

Perpetual Toll Collection Arbitrary; No Entity Can't Be Allowed Unjust Enrichment At Public Cost : Supreme Court In DND Flyway Case

Live Law  

Rejecting the plea for imposition of tolls on commuters of Delhi Noida Direct flyway, the Supreme Court recently observed that no entity can be allowed to profit unjustly at the cost of public suffering. "The golden principle thus is that Government procedures or policies pioneered in public interest must genuinely serve the public and not merely enrich private entities.It seems …

Court Noida Public Toll Ntbcl Unjust User Fees
SC dismisses NTBCL plea; scraps toll collection on DND flyway
2 days, 18 hours ago

SC dismisses NTBCL plea; scraps toll collection on DND flyway

New Indian Express  

NEW DELHI: In a major relief to commuters on the Delhi-Noida-Direct flyway, the Supreme Court on Friday rejected the appeal of Noida Toll Bridge Company Ltd against an order of the Allahabad High Court, which scrapped user fee collection for it. Observing that NTBCL has recovered the project costs and substantial profits, eliminating any justification for the continued imposition of …

Noida Ntbcl Dnd Flyway
'Defrauding Public, NOIDA's Agreement Arbitrary' : Supreme Court Rejects Plea To Levy Toll On Delhi-Noida Direct Flyway Commuters
Trending News
3 days, 12 hours ago

'Defrauding Public, NOIDA's Agreement Arbitrary' : Supreme Court Rejects Plea To Levy Toll On Delhi-Noida Direct Flyway Commuters

Live Law  

The Supreme Court on Friday rejected the plea of the Noida Toll Bridge Company Ltd. to impose tolls on the commuters of Delhi Noida Direct flyway. A bench comprising Justices Surya Kant and Ujjal Bhuyan rejected the company's appeal against Allahabad High Court's judgment of 2016 which struck down the concessionaire agreement in its favor, on the ground that it …

Supreme Court Constitution Court Agreement Cost Noida Public
Delhi-Noida DND flyway to remain toll free, rules Supreme Court
Top News
3 days, 18 hours ago

Delhi-Noida DND flyway to remain toll free, rules Supreme Court

India Today  

The Supreme Court on Thursday ruled that the contract awarded to the Noida Toll Bridge Company Limited for the Delhi-Noida Direct flyway was "unjust, unfair and arbitrary," declaring that the delegation of power to NTBCL to levy a toll fee was illegal. The court dismissed NTBCL’s appeal against a 2016 Allahabad High Court decision that had stopped toll collection on …

Delhi Supreme Court Court Noida Toll Ntbcl Dnd
IL&FS firm NTBCL gets tax demand relief of ₹21,000 crore from ITAT
3 months ago

IL&FS firm NTBCL gets tax demand relief of ₹21,000 crore from ITAT

The Hindu  

The Income Tax Appellate Tribunal has overturned the tax demand of approximately ₹21,000 crore on listed company Noida Toll Bridge Company Limited, an IL&FS Group entity, that had built and today manages the Delhi-Noida-Delhi flyway. The demand pertains to tax liability and penalty for nine years aggregating ₹21,000 crore including ₹10,893 crore in demand and ₹10,893 crore from penalty, for …

Tax Penalty Order Company Tribunal Demand Crore