The announcement was made in the presence of Governor of New Jersey Phil Murphy, who is currently on a bilateral trade visit to India.
The JV, Soma Roadis, has four highway concessions under the build-operatetransfer model in India, stretching 710 km — Panipat-Jalandhar (291 km), Kishangarh-Ajmer-Beawar (94 km), Surat-Hazira Port (133 km) and Varanasi-Aurangabad (192 km).
The company said the order falls under the 'major' category, which ranges between Rs 5,000 crore and Rs 7,000 crore according to the classification of contracts.
Adani in its suit filed on September 4 has claimed that its share purchase agreement dated March 5, 2019 with Bidvest, held through its Mauritian arm, is valid, subsisting and binding.
This is the third time allegations of fraud are being levelled against Indiabulls Housing since May, when it announced a plan to merge with Lakshmi Vilas Bank.
The company is under liquidation as a going concern following an order by the National Company Law Tribunal (NCLT), Hyderabad nench.
NHAI alone is to clear claims of over Rs 50,000 crore to road developers, despite losing cases in arbitration.
The NCLT had asked the company's financial creditors and homebuyers to submit their claims against the company by September 8.
A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by Thursday.
The Rs 2,378-crore project, initially awarded to the now-troubled IL&FS, had been in stasis for about a year.
In a regulatory filing, HDIL said the IRP has been appointed to carry the functions as mentioned under Insolvency and Bankruptcy Code (IBC).
The process for inviting binding bids for the road assets was launched through a public advertisement inviting expressions of interest.
The 154-year-old group, controlled by the reclusive billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year.
The resignation comes as the group is awaiting cabinet approval for three airport projects it had bid for and won.
KEC International has, so far, primarily focused on engineering, procurement and construction work for power transmission and distribution and railways electrification projects.
As many as 5 lakh home buyers are stuck across the country due to delayed projects.
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