Karnataka High Court sets aside KIADB order in Rs 1,125 crore Lam Research land matter
Bengaluru, May 21 -- The Karnataka High Court has set aside a Karnataka Industrial Areas Development Board (KIADB) order that had directed the resumption of more than 78 acres of land allotted to Embassy East Business Park Ltd in Bengaluru's Kadugodi Industrial Area.
The High Court passed the order after the company filed an affidavit clarifying its agreements with Lam Research India Pvt Ltd. The HC said the concerns raised by KIADB had been sufficiently explained by the company.
The dispute relates to around 78 acres of land originally allotted by KIADB to Embassy East Business Park Ltd (earlier known as Concord India Pvt Ltd) for the development of IT and ITES infrastructure.
According to court records, KIADB had allowed the company ...
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