Summary:
It also imposed a fine of Rs 5 crore on the company which claimed to have invested Rs 50 crore in developing the area. The permission was withdrawn after the company failed to comply with the terms and conditions. The court directed the company to refund the money invested by people for purchasing plots along with interest at 18% per annum from the date of investment. The fine amount is to be deposited within a month in the Aravali Rehabilitation Fund. SC says constructions at Kant Enclave did irreversible damage to Aravali hills The Supreme Court on Tuesday came down heavily on the Haryana government for turning a bind eye to ecological degradation of Aravali hills over the years and “conniving” with real estate developers to allow them to exploit the protected zones for commercial gains..