A realty threat from to Hindustan Petroleum Corporation, Tata plant and BARC at Mumbai has been defended by the supreme court and has asked response to the convicted center along with state of Maharashtra and four other realty house. As per the sources available at www.propertykhazana.com BPCL has recently made a construction ignoring its effect on the site of Hindustan Petroleum and other two power projects which was later been directed to response immediately by the Chief justice K G Balakrishnan.
Source reported at www.propertykhazana.com also reveals that, court also directed not to transfer the site to any third party until and unless the third hearing of the case completes. Some times back the same case was referred by the apex court to the Bombay high court for the final verdict with in the span of three months but did not comment on stay order of construction at the filed site for the residential constructions. But later on it was fought back to restrain the construction job in the high court against the central and state govt. along with few other realty groups.
Since the refinery belongs to the category of national interest which turns around Rs 3000 crore and the residential construction is a budding issue following rehabilitation for slumps has been asked for more clearance in favor of the matter from the both teams. Earlier even the finance minister has called the plant as one of the sensitive site which should protect from public interest. Later, commenting on the issue at www.propertykhazana.com PSU points that “the refinery has been put at the ‘A’ category while measuring the security of national interest”. For more and latest realty updates follow www.propertykhazana.com.
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