MUMBAI: National Company Law Tribunal (NCLT) has approved the sale of IL&FS Transportation Networks' Chenani Nashri Tunnelway (CNTL) to Singapore-based Cube Highways for nearly
Rs 6,000 crore. The tunnelway, a crucial infrastructure project, ensures all-weather connectivity between Jammu and Srinagar. The tribunal also ruled that upon payment of the revised offer amount, CNTL's liabilities will be extinguished.