Maytas had moved the court challenging termination of its contract by Utility Energytech and Engineers last month. Maytas had also sought a temporary stay to the termination, but Justice Anup Mohta of Bombay High Court last week refused to pass any interim order.
The government decided to withdraw its two nominees from the Maytas Infra board following the Company Law Board order handing over the reins of Maytas Infra, promoted by kins of disgraced founder of Saytam, R Ramalinga Raju, to IL&FS.
The appointment of Agarwal, who would replace Dr K Ramalingam, has been approved by the Appointments Committee of the Union Cabinet, official sources said.Agarwal has been member (Planning) of the state-owned airports body since November 2006 and had served as executive director of the Northern and Northeastern Region earlier.
At a time when professionals charge hefty sitting fees, the government-appointed directors who worked long-hours to revive crisis-hit Maytas Infra worked for free.
The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry. The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry.
The Airports Authority of India on Saturday announced plans to upgrade the Biju Patnaik airport in Bhubaneswar to international standards by investing Rs 250 crore (Rs 2.5 billion).
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