In a significant verdict, the Supreme Court on Tuesday upheld the validity of land acquisition for the integrated development of the Yamuna Expressway and its adjoining areas in Gautam Budh Nagar, Uttar Pradesh. The top court decided a batch of appeals and the cross-appeals filed by the landowners and the Yamuna Expressway Industrial Development Authority (YEIDA) respectively. The cases arose from two conflicting verdicts of the Allahabad High Court. One judgement upheld the acquisition by the YEIDA and another quashed state action of taking the land of farmers by invoking the urgency clauses. A bench comprising Justices B R Gavai and Sandeep Mehta dismissed appeals by the landowners while allowing the appeals filed by the YEIDA, resolving a long-standing dispute over the application of urgency provisions in the Land Acquisition Act, 1894. Writing a 49-page judgement for the bench, Justice Mehta said the acquisition was deemed integral to the Yamuna Expressway's development. The .
While light motor vehicles like two-wheelers and cars will be allowed 75 kmph, the speed limit for heavy vehicles like trucks and buses will be 60 kmph
The Yamuna Expressway Industrial Development Authority (YEIDA) on Friday said it has received investments of Rs 16,678 crore in its area in the last five years. As many as 2,80,018 jobs will be created with these investments, the YEIDA, which functions under the Uttar Pradesh government and manages land along the 165-km-long Yamuna Expressway, said after its 75th Board Meeting on Friday. The board also announced that it has adopted the revised Data Centre policy of the Uttar Pradesh government which was formulated in 2021 and has decided to authorise the chief executive officer (CEO) of YEIDA for bringing in local policy for data centres. "A scheme for data centres will accordingly be brought out soon by the YEIDA, according to an official statement. The board meeting was held at YEIDA's headquarters in Greater Noida and chaired by Arvind Kumar, the additional chief secretary for infrastructure and industrial development (IID) in the Uttar Pradesh government. After the board meeti
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The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners
Cube Highways is a joint venture of private equity firm I Squared Capital and IFC, the private investment arm of the World Bank
SC said it will hear the matter on October 23