The Noida and Greater Noida authorities on Monday told the Supreme Court that they will incur over Rs 7, 500 crore loss, if the top court's order capping the interest rate, at around 8 per cent, for delay in payment of land cost by builders were to sustain. The Supreme Court, in June 2020, had directed Noida and Greater Noida to cap the interest rate at around 8 per cent for delay in payment of land cost by builders, instead of a steep 15-23 per cent.On Monday, advocate Ravindra Kumar, represent
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2021-09-20 00:00:00.0