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Bombay high court to examine Lavasa project

Bombay high court to examine Lavasa project
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First Published: Tue, Dec 21 2010. 07 52 PM IST
Updated: Tue, Dec 21 2010. 07 52 PM IST
Mumbai: The Bombay high court on Tuesday said it will examine the displacements issues, rehabilitation plans and the impact on water supply to Pune before passing an order on the petition filed by Lavasa Corp. Ltd.
The division bench of justice B.H. Marlapalle and U.D. Salvi was hearing a petition filed by Lavasa Corp. Ltd challenging a show-cause notice by the environment ministry. The court said the case cannot be “decided in isolation” as a lot of allegations regarding land allotment have been leveled against Lavasa.
The high court has adjourned the matter till 22 December and asked the environment ministry to hear Lavasa on 23 December.
The ministry on 25 November had asked Lavasa to prove within 15 days that it did not violate environmental norms in its hill city development, stalling construction at the site.
The company is building a city on 20,000 acres of hillocks in the Western Ghats near Pune and has invested Rs4,000 crore so far. Hindustan Construction Co. Ltd (HCC) holds a 65% stake in Lavasa Corp.
Earlier on 7 December, the high court had stayed the environment ministry’s direction to Lavasa to stop construction at the proposed hill station project for alleged violation of environmental norms.
In November, Lavasa got approval from market regulator Securities and Exchange Board of India to raise Rs.2,000 crore from an initial public offering.
khushboo.n@livemint.com
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First Published: Tue, Dec 21 2010. 07 52 PM IST