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Friday, September 8, 2017 AHMEDABAD

90% of home buyers are una-ware of the impact of insolvency

With some top developersin the National Capital Region(NCR) filing for insolvency, aMagicbricks Consumer ChoicePoll revealed that about 90%of investors are unaware oftheir rights and how they areimpacted when their developeris declared insolvent.

Magicbricks, India's No.1property site, conducted thepoll (sample size of 900) to getinsights intobuyerunderstanding of insol-vent developers.In the lightofthe Jaypee Infrastructuregroup being run by an Insol-vency Resolution Professionalat the behest of IDBI Bank,(presently stayed by the Su-preme Court), Ms. E JayashreeKurup, Head- Content and Ad-visory, suggests that "The ef-

fort with insolvency is to en-sure that buyers get theirhomes and lenders get theirmoney. Being the first suchcase in real estate, the statusof different classes of creditors,including buyers, is being de-fined. Once this is done, buy-ers will benefit from insolvencyas work is in progress andhandover of completedprojects is being expedited."

In the case of developerssuch as Jaypee, whose bor-rowing is backed by assetswhose net worth is far morethan the borrowed amount,this problem can be resolvedwhen the handing over proc-ess begins in a phased man-ner and consumer receiva-bles start flowing in regularly.(19-10)

TENDER-NOTICE no: e-Tender KLTPS-40/2017-18. Tendersfor Supply of various materials and other works are put on website:https://gsecl.nprocure.com, www.gseb.com/ www.gsecl.in. For Ten-der above Rs. 5.00 Lacs. Vendors/Manufactures and contractorsare requested to view, down load, participate and submit onlinefrom https://gsecl.nprocure.com.Tender below Rs.5.00 Lacs maybe view, download & participate only from www.gseb.com /www.gsecl.in

I/c Chief Engineer (G), KLTPS.

GUJARAT STATE ELECTRICITY CORPORATION LIMITEDKUTCH LIGNITE THERMAL POWER STATION

S.K.V. Nagar, Panandhro, Kutch, Gujarat-370 601GSECL: www.gseb.com-E&P Dept-GoG:

http://guj-epd.gov.in

TENDER-NOTICE no: e-Tender KLTPS-38/2017-18. Tendersfor Supply of various materials and other works are put on website:https://gsecl.nprocure.com, www.gseb.com/ www.gsecl.in. For Ten-der above Rs. 5.00 Lacs. Vendors/Manufactures and contractorsare requested to view, down load, participate and submit onlinefrom https://gsecl.nprocure.com.Tender below Rs.5.00 Lacs maybe view, download & participate only from www.gseb.com /www.gsecl.in

I/c Chief Engineer (G), KLTPS.

GUJARAT STATE ELECTRICITY CORPORATION LIMITEDKUTCH LIGNITE THERMAL POWER STATION

S.K.V. Nagar, Panandhro, Kutch, Gujarat-370 601GSECL: www.gseb.com-E&P Dept-GoG:

http://guj-epd.gov.in

Environment Minister Urges State Governments to Initate Necessary Action to Manage Air PollutionUnion Minister of Environ-

ment, Forest and ClimateChange, Dr. Harsh Vardhan hascalled upon State Govern-ments of Delhi-NCR region, toinitiate all necessary actions ona war footing for managementof air pollution, so that the kindof episodic rise of air pollutionseen last year is not repeatedduring the coming months.Addressing the meeting of theChief Secretaries and seniorofficers of Delhi and NCRStates regarding abatement of

air pollution during the ensu-ing winter months, the Minis-ter said that efficient manage-ment of air pollution is the dutyof all concerned. He sought theparticipation of people in thematter and said that withoutit, desired results will be diffi-cult to achieve. Dr. HarshVardhan stated that simplesteps can go a long way inmitigating the levels of pollu-tion such as prevention ofbiomass and crop burning,better management of crop

residue, sprinkling water ondusty roads, dust mitigation atall construction and demolitionsites, strict prevention of cropburning, closure of unauthor-ised brick kilns, installation ofvapour recovery at fuel sta-tions, avoidance of over-loadedvehicles and strict implemen-tation of ‘Pollution UnderCheck’ certification. Dr. HarshVardhan said that we shouldensure implementation of alllong-term actions as directedby the Central Government in

right earnest besides strict im-plementation of Graded Re-sponse Action Plan for variouslevels of pollution. He calledupon the States to put up sys-tems to ensure that action ac-cording to various levels ofpollution are implemented withfull involvement ofstakeholders. The Ministeradded that the success will liein ensuring that the emergencylevels are not reached, as perthe Graded Response ActionPlan. Dr. Harsh Vardhan also

called upon all the States toensure that Control Rooms areset up in all the States andregular meetings of the TaskForce are held for timely inter-vention. He also referred to theFIFA U-17 World Cup 2017 andDiwali and said that the Minis-try has already initiated effortsfor Clean Air by organisingHarit Diwali – Swasth Diwalicampaign with large numberof students. He further saidthat requests have been madeto all the Chief Secretaries toensure that firecrackers whichare not compliant to the laiddown norms are not sold. Hesaid that the Central Govern-ment shall keep a close watchon the progress during the next4-5 months to ensure cleaner

air during winter this year.Central Pollution Control

Board (CPCB) Chairman saidthat CPCB had constituted 40teams for the purpose of moni-toring implementation of ac-tions identified so that reme-dial measures can be initiatedagainst defaulters.

The meeting was attendedby Minister of State of Environ-ment, Forest and ClimateChange, Dr. Mahesh Sharma,Chief Secretary of NCT of Delhi,Dr. M.M Kutty, Chairman,CPCB, Shri S.P.S Parihar, Addi-tional Chief Secretary, Haryanagovernment, Smt. DheeraKhandelwal, Additional ChiefSecretary, Rajasthan govern-ment, Shri R.K Grover, Princi-pal Secretary.

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