Termination of the Concession Agreement

(1) In case the board considers that it is necessary to terminate any concession, it may terminate the same strictly in accordance with the provisions of the Concession Agreement signed between the parties by passing a speaking order in this behalf, after affording reasonable opportunity of being heard, to such concessionaire. If such concessionaire is aggrieved of any such termination order, he may file an appeal before the Authority or CCIE (in absence of the authority), in this behalf stating the reasons, for setting aside of such order. (2) Where a Concession Agreement is terminated by the board with or without the consent of the concessionaire, the concessionaire shall be entitled to such amount of compensation for such termination, if and as is specified in the Concession Agreement.