Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses  ||  Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out  ||  Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease  ||  Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory  ||  NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors  ||  NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date  ||  Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy  ||  NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required  ||  NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes  ||  Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction    

NHAI to set up InvIT, forms committee to select best talent for its Investment Manager Board- (Press Information Bureau) (02 Jul 2020)

MANU/PIBU/1934/2020

Civil

With an aim to facilitate investment in the highway sector, National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT). As part of the structure, a new company is being set up to act as the Investment Manager to the proposed InvIT.

As NHAI InvIT shall be the first InvIT to be sponsored by any government or semi government entity in the country, it is important to have a professional management structure for the investment manager.

In order to select the best talent from the market for appointment of two independent Directors and one Chairman for the Investment Manager Board, a search-cum-selection committee has been formed. Dr. Sukhbir Singh Sandhu, Chairman, NHAI is the Convenor of the Committee and other members include Shri Deepak Parekh, Chairman, Housing Development Finance Corporation; Shri Girish Chandra Chaturvedi, Chairman, ICICI Bank; and Shri Sanjay Mitra, Ex-Secretary, Ministry of Road Transport & Highways. The idea is to set up a competent entity of experts that can professionally run the Infrastructure Trust to mobilise resources from the market for monetizing completed highway projects of NHAI.

Tags : INVESTMENT   HIGHWAY SECTOR   COMMITTEE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved