Chandigarh, Sept. 15 -- A public interest litigation (PIL) has been filed in the Punjab and Haryana high court (HC) demanding the summoning of records from Greater Area Mohali Development Authority (GMADA) over its proposed Rs.15,000-crore borrowing plan and the move of appointing a Gujarat-based firm as fund arranger at a cost of Rs.190 crore.

The PIL that also demanded the examination of the project-wise requirement, repayment capacity, existing debt and budgetary approvals for projects being executed by GMADA, was taken up by the HC bench of chief justice Ashwani Kumar Mishra and justice Rohit Kapoor.

Seeks to restrain state from using GMADA funds for populist functions

The presence of the Punjab accountant general has been requeste...