Citing environmental concerns, environmentalists a year ago demanded the three-day "World Culture Festival" organised by Shankar be disallowed.
The National Green Tribunal Thursday held the Art of Living Foundation of Sri Sri Ravi Shankar responsible for the damage caused to the Yamuna floodplains due to holding of the World Cultural Festival organised by it in March 2016.
The AoL counsel said that they will approach the Supreme Court against the verdict.
The green panel headed by its chairperson Justice Swatanter Kumar, however, refused to impose any further environment compensation on the Shankar's foundation and said the amount of 744,262 USA dollars (INR 50 million) which was submitted by it (AoL) earlier would be used for the restoration of the floodplains.
The green tribunal directed the Delhi Development Authority to utilise Rs 5 crore, paid by the Art of Living Foundation a year ago as fine, for restoring the floodplains.
The tribunal rapped the DDA over its failure to maintain the natural features and ecology of the Yamuna floodplains and said it has failed to exercise its statutory duty in consonance with the environmental laws in force, reported news agency PTI.
The Bench also added that if the total expense incurred is less than Rs. 5 crore, the remaining amount will have to be refunded to the organisation.
The green forum also chastised the DDA for allowing the event on the floodplains.
"In the event that the expenditure for that goal, is found to be in excess of Rs. 5 crore, the DDA would be at liberty to recover the said amount and respondent number 3 (Art of Living) shall be liable to pay the said amount on demand", read the judgment. An expert panel had earlier told NGT that Rs 42.02 crore would be required to restore the floodplain.
The experts said reversing the damage will take at least 10 years and about 6.5 million USA dollars. The ministry had said that as per a 2006 environment impact assessment report, no environmental clearance was needed for the festival.
The arguments in the matter had continued thereafter and after their completion, the NGT had in November reserved its verdict.
According to petitioner Manoj Misra's advocate Sanjay Parikh, the DDA had also stated that it would further assess and set quantum of damage and submit a final compensation amount.
The green panel held that the Rs. 5 crore deposited by Art of Living as fine shall be utilised by the DDA for the restoration work.