The Allahabad high court has granted a 'zero period' waiver to real estate companies Rudra Buildwell and Silverline Furnishings and Furniture. Rudra Buildwell was granted the waiver as it did not receive the entire allotted land for its project. The court directed the Greater Noida Industrial Development Authority (GNIDA) to allow Rudra the benefits of the zero period until the entire land is made available. Silverline Furnishings was granted the waiver by the Yamuna Expressway Industrial Development Authority (YEIDA) after it failed to clear dues and start construction on the land allotted to develop a township.
