MUMBAI, Jan 27 (Reuters) - Hindustan Construction Co (HCNS.BO) unit Lavasa Corp said on Thursday a Mumbai court has adjourned its hearing for six weeks as the company considers the terms set by India’s environment ministry to approve the project.
Last week, the ministry said it could consider approving the hillside township project on conditions that included a penalty payment and the setting up of a restoration fund. [ID:nSGE70H0A3]
Lavasa’s plan to develop a 1.4 trillion rupee ($31 billion) project to build a hill station outside the western Indian city of Pune has run foul of India’s increasingly assertive environment ministry over violation of green rules.
The ministry issued a notice to Lavasa on November 26 asking why the construction should not be demolished, which was challenged by the company in a Mumbai court.
On Thursday, Lavasa said it sought an extension of six weeks to consider a solution, after it submitted documents sought by the environment ministry. (Reporting by Prashant Mehra; Editing by Jui Chakravorty)