Noida Toll Bridge Company has informed that the Company has been informed by the Company’s Legal Counsel that The Interim Application filed by NOIDA seeking directions to stop the arbitration between NTBCL & IL&FS v. NOIDA came up for hearing. NOIDA disclosed that it has filed a Special Leave Petition (SLP) against the Order of the Delhi High Court (HC) dismissing the section 34 of Arbitration & Conciliation Act appeal that it had also filed from the Order of the Arbitral Tribunal rejecting the section 16 jurisdiction objections raised by NOIDA. The Honble Court has directed that the Interlocutory Application (IA) filed by NOIDA in the NTBCL SLP be placed and taken up with the SLP Filed by NOIDA in relation to the Delhi HC Order and be heard together with the same. The IA has therefore been directed to be listed with the said SLP (Diary Number 10503 of 2019). The copy of order is attached.
The above information is a part of company’s filings submitted to BSE.
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