Sukhu sanctions Rs 64 crore to stop attachment of Himachal Bhawan in Delhi

“The authorities has sanctioned Rs 64 crore, which volition beryllium deposited successful the High Court registry adjacent week. We volition situation successful the tribunal the 7 per cent involvement pursuing the owed ineligible process,” Advocate General, Himachal Pradesh, Anup Kumar Rattan, told The Indian Express.

The lawsuit pertains to the 340 MW Seli Hydropower Electric Project connected the Chenab River successful Lahaul and Spiti district.

The authorities authorities awarded the task to Seli Hydro Electric Power Company Limited/Moser Baer and issued the Letter of Allotment (LOA) connected February 28 2009, pursuing which the steadfast deposited the upfront premium of Rs 64 crore.

However, the task did not materialise. The authorities authorities cancelled the LOA and ordered forfeiture of the upfront premium.

The institution challenged the determination earlier an arbitrator which ruled successful its favour and asked the authorities to deposit the upfront premium with interest. After the authorities did not comply with the order, the institution filed a petition earlier the High Court nether Article 226. The tribunal upheld the determination of the arbitrator connected January 13 2023, and directed the authorities to deposit the upfront premium with involvement with the Registry.

Due to the hold successful payment, the magnitude has accrued to Rs 150 crore.

The adjacent proceeding connected this substance is scheduled for December 6.