serait efter USAT UTRT pein atorsogasrsan
(Fs wR afte aistaTt ere) rm rox: 91-1-25083507 1 2508554
National Highways Authority of India
(Ministry of Road Transport and Highways)
H-5 WF 6, BEe-10, Bre, aE RF 140075,
6-5 & 6, Sector-10, Dwarka, New Delhi-110075
NHAI/BOT/GM (F)/140 6.2.7 Dated: 04.09.2019,
Circular
Sub: Non remittance of premium as per provisions of Concession Agreement,
It has been noticed that Concessionaires /Escrow Bankers are not remitting the
aera taking plea that Debt servicing has priority over Premium as per water fall
mechanism mentioned in the Escrow Agreement,
Clause 1.4.2 (b) of MCA,
x Hence, all the concerned ROs/PDs are advised to ni
Concession Agreement, the it
be part of Concession fee ay
Agreement are to be amended accordingly.
4, In view of above, instructions may be issued to Escrow Banker/ Concessionaire for
remittance of due/ overdue premium along with applicable interest and if the premium is
not remitted, action may be initiated against Escrow Bankers / Concessionaires,
Sirost
(Dinesh Gupta)
General Manager (F)
Copy To:
Technical Divison /All Ro/PDs through Web Admin,