https://www.taxtmi.com/caselaws?id=419786 The Tribunal dismissed the challenge to the Termination Notice by NHAI in the case involving West Gujarat Expressway Limited. The termination was upheld due to alleged defaults under the Concession Agreement, including safety concerns. Despite concerns about the impact on the IL&FS Group's Resolution Process, the Tribunal directed implementation of the Termination Notice from 1st April 2021 to allow the Resolution Process to conclude by 31st March 2021. Lenders' rights were not separately considered as the application was not entertained on merits. en-us Wed, 16 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419786 The Tribunal dismissed the challenge to the Termination Notice by NHAI in the case involving West Gujarat Expressway Limited. The termination was upheld due to alleged defaults under the Concession Agreement, including safety concerns. Despite concerns about the impact on the IL&FS Group's Resolution Process, the Tribunal directed implementation of the Termination Notice from 1st April 2021 to allow the Resolution Process to conclude by 31st March 2021. Lenders' rights were not separately considered as the application was not entertained on merits. Case-Laws Companies Law Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419786