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NICE project: Karnataka govt moves SC Onkar Singh in New Delhi | September 20, 2006 15:29 IST The Karnataka government has moved the Supreme Court against non-compliance of its orders by Nandi Infrastructure Corridor Enterprises. NICE had moved the apex court against setting up of a commission of inquiry into the project by the JD (S)-BJP government, led by Chief Minister H D Kumaraswamy. The state government quoted a report prepared by the UTI Bank, which said NICE was going to develop 3,633 acres of land for real estate purposes which was contrary to the terms and agreements. "This report is a clear indicator that the applicant is trying to carry out a real estate venture contrary to the interests of the state and its people and contrary to the Frame Work Agreement", it said. "The whole attempt of the petitioners is to smother and scuttle any inquiry into wrong doings and prevent the correct facts from coming out", the state government said in its reply to the NICE petition. Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
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