Case against Omaxe’s Patiala project dismissed
Oct 19, 2013
Source : The Times of India


DELHI: Omaxe City, a joint project by Omaxe Ltd and Punjab Urban Planning Development Authority PUDA), is set to see the light of the day as the petition challenging the veracity and legality of the project was dismissed by Punjab and Haryana High Court.

The court verified the relevant records relating to the bidding process which started in 2005 by PUDA. The 85:15 revenue sharing between Omaxe and PUDA was signed in 2006.

“The aforesaid process followed, thus, shows that the transparency of the procedure could not really be doubted nor was there any special or tailor-made conditions for Omaxe Ltd, there being a comprehensive bidding process,” the Court observed.

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