High Court stays NTC land sale

Source: PTI

October 17, 2005 15:21 IST

In a significant development, the Bombay High court on Monday set aside the sale of 600 acre of surplus textile mill land by National Textile Corporation in prime locations.

The city-based Bombay Environmental Group had challenged the sale on the ground that development control

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rules had been violated in the process.

The court also held that whenever the mill land is sold, one-third of it should be reserved for open space, one-third for low cost housing by Maharashtra Housing and Area Development Authority and one-third for mill-owner's benefits.