NCLT approves sale of Kashmir tunnel project to Cube

MUMBAI: National Company Law Tribunal (NCLT) has approved the sale of IL&FS Transportation Networks' Chenani Nashri Tunnelway (CNTL) to Singapore-based Cube Highways for nearly

Rs 6,000 crore. The tunnelway, a crucial infrastructure project, ensures all-weather connectivity between Jammu and Srinagar. The tribunal also ruled that upon payment of the revised offer amount, CNTL's liabilities will be extinguished.

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