New Delhi: The Supreme Court has said the F1 in Greater Noida can take place as planned, but the organisers need to deposit 25% of the ticket sales in a special bank account. That money cannot be withdrawn by the organisers - the JP Group - till the court decides on whether the event is entitled to exemption from entertainment taxes. (Read: India GP success key to future of motorsport in India, says Chandhok)
The races will be held over a period of three days next week in Greater Noida near Delhi (Read: Organisers want F1 to erase shameful CWG memories)
The Uttar Pradesh government's decision to forgo the entertainment tax has been challenged in the Supreme Court by a Public Interest Litigation (PIL). "We want to get money for the state but you don't," observed the judges hearing the case.