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NHAI to go for out-of-court settlements

NHAI to go for out-of-court settlements

Out-of-court settlement of disputes is being pursued by the National Highways Authority of India (NHAI) to fast-track highway construction. Developers have made claims of Rs 10,000 crore in several build-operate-transfer projects. Many of these cases have gone to arbitration, locking up funds for developers already squeezed by a drought of bank finance, delayed clearances and overall economic gloom.