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Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
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The Central Government de-notified 0.66 hectare from the Special Economic Zone at Kadubeesanahalli Village, Varthur Hobli, Bangalore District, for a sector-specific IT/ITES SEZ. The de-notified land, identified in Survey Nos. 17/3(P) and 17/4, is to be used for infrastructure creation consistent with the SEZ objective and the applicable State land use guidelines. The action was taken after State Government approval, recommendation by the Development Commissioner, and satisfaction that the statutory requirements were fulfilled. The resultant notified SEZ area stands reduced to 17.3307 hectares.
The Central Government de-notified 0.66 hectare from the Special Economic Zone at Kadubeesanahalli Village, Varthur Hobli, Bangalore District, for a sector-specific IT/ITES SEZ. The de-notified land, identified in Survey Nos. 17/3(P) and 17/4, is to be used for infrastructure creation consistent with the SEZ objective and the applicable State land use guidelines. The action was taken after State Government approval, recommendation by the Development Commissioner, and satisfaction that the statutory requirements were fulfilled. The resultant notified SEZ area stands reduced to 17.3307 hectares.
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