SC's DND Flyway order gives blow to IL&FS shareholders
Friday, 20 December 2024
A Supreme Court order has affected the sale of Noida Toll Bridge Company. The sale was expected to generate substantial revenue for IL&FS shareholders and lenders. The company built the DND Flyway. The order impacts over 55,000 shareholders and financial institutions. The decision may influence future infrastructure projects. Noida Toll Bridge Company expressed concern over the ruling.
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