The Supreme Court is scheduled to pronounce its verdict today on petitions challenging the Bombay High Court judgement that the sale of surplus lands by National Textile Corporation (NTC) was contrary to the Board for Industrial and Financial Reconstruction (BIFR) scheme and other apex court orders.
The bench had passed interim orders allowing private property developers to go ahead with construction activities, subject to outcome of appeals filed by the developers and NTC.
NTC Mills and developers of plots were allowed to approach the Brihan Mumbai Municipal Corporation (BMC) and other authorities for clearance of their developmental plans by the apex court.
The High Court considered that all constructions carried out by various developers were in violation of Government notification of July 7, 2004.
An NGO, Bombay Environmental Action Group holds the view that surplus lands were sold in violation of rules Development Control (DC) Rules 58.
marketing@alchempro.com
