Accept Bank Guarantee Rather Of Payment Of Balance Quantity As Fine: Art Of Living To NGT

Sri Sri Ravi Shankars Art of Living has actually moved the National Green Tribunal asking it to accept the fine, slapped for harmful Yamunas biodiversity, as bank warranty instead of payment of balance quantity.

As reported by PTI, the green panel on 9 March had actually declinedchosen not to cancel the World Culture Festival but had imposed a fine of Rs 5 crore on his Art of Living foundation for destructive biodiversity and marine life of Yamuna.

Although the NGT had asked the AOL to make the payment for it to be permitted to go ahead with the occasion, the previous failed to take any action against Ravi Shankars organisation in spite of its non-compliance.

Later on 11 March, AOL moved a plea seeking 4 weeks time for depositing the amount after which the tribunal permitted the foundation to deposit Rs 25 lakh on that day and granted 3 weeks time period to pay the balance amount.

The candidate sends that the present application is being submitteddeclared modification of the order dated March 9 and March 11 to enablepermit submission for security by way of a bank guarantee in lieu of payment of balance amount as directed.