Petition filed in SC to stay F1 race

A petition was filed in the Supreme Court on Thursday seeking direction to stay the Formula 1 race, beginning in Greater Noida, near Delhi.

A three-judge bench presided by Chief Justice P Sathasivam agreed to hear the plea on Friday.

The matter was brought to the notice of the court. It was contended that the Uttar Pradesh government has not been paid the entire tax amount of the Formula 1 event held in 2011, by the Jaypee International Group.

The petition was filed by one Amit Kumar seeking a stay on the mega sporting event.

The Uttar Pradesh government has also approached the apex court seeking its permission to withdraw the June 27, 2011, decision of the previous regime, headed by Mayawati, which granted exemption to the Jaypee International Group, a private company organising the event, from entertainment tax.

It sought that the company be directed to pay the entire amount of entertainment tax due to it for the 2011 Formula 1 event. Kumar in 2011 also filed a petition in the apex court challenging the exemption of entertainment tax for the event that the then Bahujan Samaj Party government had granted. The apex court in its interim order on October 21, 2011, had then directed the Jaypee Group to deposit 25 per cent of its sale proceeds from tickets in a separate account, which would not be operated without its permission. 

India’s first Formula 1 event was held in Greater Noida, near the national capital, on October 30, 2011. Building the race track is estimated to have cost of $ 350 million. 

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