SC vacates stay on Adani Group's Gujarat SEZ

In a major relief to Adani Group, the Supreme Court today vacated the stay order that stalled work at its Rs 7,400-crore multi-product Special Economic Zone in Gujarat.

NEW DELHI: In a major relief to Adani Group, the Supreme Court today vacated the stay order that stalled work at its Rs 7,400-crore multi-product Special Economic Zone in Gujarat.

A bench headed by Chief Justice K G Balakrishnan, while dismissing the petition of fishermen as withdrawn, asked the Adani Group not to fill the creeks.

The apex court, on a plea by fishermen that the project would affect their livelihood and flora and fauna in the region, had last week directed the parties to maintain status quo with regards to all activities taking place on the land.

It had also issued notice to the ministries of commerce, and environment and forest, the Gujarat government, Mundra Ports and Special Economic Zone, the Adani group and others.

Mundra SEZ, established under the SEZ Act of 2005, is proposed to come up in about 6,000 acres of land with a total investment of Rs 7,400 crore.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Infrastructure › SC vacates stay on Adani Group's Gujarat SEZ
Text Size:AAA
Success
This article has been saved

*

+