HYDERABAD: The National Company Law Tribunal (NCLT) has appointed an interim insolvency professional for SmartCity (Kochi) Infrastructure, after admitting a payment default claim by a creditor against the joint venture between the Kerala government and Dubai’s Tecom Investments.
The Kerala government holds a 16% stake in the IT special economic zone, with Dubai Holding’s Tecom unit owning the rest. The first phase commenced operations last year and the project is expected to become fully operational by 2020.
Kochi Smart City, Kerala’s signature IT project, is coming up on 246 acres of land. The plan is to build 67 lakh square feet of space for IT and related businesses and 21lakh sq ft for non-IT facilities.
The venture, which ha…
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