YEIDA Memo imposing Transfer Charges for land transfer challenged by South Indian Bank in Allahabad HCMay 23 2019
The Yamuna Expressway Industrial Development Authority's (YEIDA) imposition of charges for the commercial transfer of land has been challenged by the South Indian Bank before the Allahabad High Court.
The South Indian Bank has challenged the validity of a YEIDA internal memo issued in 2017, which calls for the imposition of transfer charges for the transfer of a commercial plot of land at the rate of 10% of the market value/circle rate (whichever is higher). This is a rare instance where in an internal memo is being . . .
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