May 10, 2025 | Mumbai
Noida Toll Bridge Company Limited (BSE: 532481, NSE: NOIDATOLL) has announced that the Supreme Court of India has dismissed its review petition challenging the verdict issued on December 20, 2024, in the long-standing legal battle involving the Concession Agreement for the DND Flyway.The apex court refused to reconsider its earlier judgment and dismissed the plea filed by NTBCL against the Federation of Noida Residents' Welfare Association and others. The order, delivered on May 10, 2025, upholds the original decision, which questioned the validity of the agreement between NOIDA, IL&FS, and NTBCL.
Key Litigation Update
| Particulars | Details |
|---|---|
| Authority | Hon’ble Supreme Court of India |
| Action Taken | Review petition dismissed; original verdict stands |
| Date of Order | May 10, 2025 |
| Subject of Dispute | Validity of the Concession Agreement involving NOIDA, IL&FS, and NTBCL |
| Impact | Yet to be ascertained; company to consult appropriate offices |
Strategic Outlook
The company has stated that the financial and operational impact of the Supreme Court’s dismissal is yet to be determined. NTBCL assured stakeholders that it will explore its options and determine a path forward in consultation with relevant authorities.Company Statement
The company will provide the official copy of the Supreme Court’s order once it is made available.
