News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » Mukesh Ambani's SEZ in troubled waters

Mukesh Ambani's SEZ in troubled waters

By BS Reporter in Mumbai
March 11, 2008 09:29 IST
Get Rediff News in your Inbox:
The Mukesh Ambani-controlled Navi Mumbai SEZ Pvt Ltd has been charged with indulging in illegal land-filling activity by the tehsildar of the Panvel taluka.

Navi Mumbai SEZ is developing a Special Economic Zone over 2,000 hectares in association with Cidco, the Maharashtra government's industrial and township development arm. When contacted, D L Kedare, the tehsildar of the Panvel taluka, said the machinery at the two sites (Ulve and Roadpalli) has been confiscated.

The government would be forced to confiscate the plots if the company didn't pay royalty to the government for the soil used.

A company spokesman declined to comment on the development.

Navi Mumbai SEZ was first served a notice on January 8 by the tehsildar's office to stop land filling and pay royalty for the soil used. The company was given seven days to pay royalty and fine as per the Land Revenue Code 1966.

Fresh notices were served on February 5 and 13 for stopping the "illegal land filling activity" and payment of royalty of Rs 4.58 crore (Rs 45.8 million). The company neither responded to these notices nor paid royalty.

"We have confiscated bulldozers, excavators and other machinery from the site," said Kedare.

Get Rediff News in your Inbox:
BS Reporter in Mumbai
Source: source
 

Moneywiz Live!