Supreme Court of India
Noida Toll Bridge Company Ltd. v. Federation of Noida Residents Welfare Association and Others
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What the Court ordered
We are of the considered view that this issue hinges on two primary prongs requiring detailed analysis: (i) the reasonableness of the formula outlined in Annexure F, and (ii) the perpetual nature of the Concession Agreement. [2024] 12 S.C.R. 2031 Noida Toll Bridge Company Ltd. v.
Judgment, page 34
From the headnote
Issue for Consideration The issue concerned a challenge to collection and levying of toll, as legitimised by provisions enumerated in Agreement dated 12.11.1997 (Concession Agreement), executed between Appellant-NOIDA Toll Bridge Company Limited (NTBCL), the New Okhla Industrial Development Authority (NOIDA) and the Infrastructure Leasing and Financial Services Limited (IL&FS); The Concession Agreement conferred upon NTBCL the rights necessary for implementation of the Delhi NOIDA Bridge Project or the Delhi-NOIDA Direct Flyway (DND Flyway/Project) and, in connection thereto, the collection…
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