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The High Court has issued strict orders regarding GMADA's ₹6,400 crore debt. It has sought a response from Punjab regarding the ₹15,000 crore loan and also clarification on the ₹191 crore fee.

1 sourceFriday, September 25

The High Court has issued a strict warning to GMADA regarding its ₹6,400 crore funds: it has sought a detailed response from the Punjab government on the ₹15,000 crore loan and ₹191 crore in fees. This comes as Chandigarh News reports that the Punjab and Haryana High Court has demanded a comprehensive explanation from the Punjab government regarding GMADA's ₹6,400 crore funds. The court inquired whether this amount, intended for specific purposes, should be included in the state's consolidated fund to cover its general budget deficit.

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