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| Exchange Received Time 27/07/2018 18:56:25 Exchange Disseminated Time 27/07/2018 18:56:30 Time Taken 00:00:05 | IFB Industries Limited (IFBIL)and Bangalore Metro Rail Corporation Limited (BMRCL) have filed a Joint Memo/Petition before the Hon''ble High Court of Karnataka at Bangalore towards settlement of disputes in respect of compulsory part acquisition of the factory land of IFBIL situated at 16/17, Visveswariah Industrial Estate, Whitefield Road, Bangalore - 560048.
It was, inter alia, prayed in the said Joint Memo/Petition to quash the preliminary notification dated 27.04.2015 passed under Section 28(1) of the KIADB Act, 1966, notification dated 29.12.2015 passed under Section 28(4) of the Act as well as the final notification dated 04.02.2016 under 28(6) with respect to the excluded portion of 131.357 sq. mtrs and to confirm the acquisition with respect to the remaining portion of 1578.63 sq. mtrs of the said factory land and also to confirm the gross compensation of Rs.19,55,584,401/- subject to TDS payable for the said portion of the factory land proposed to be acquired by BMRCL. |
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