Uttar Pradesh cancelled its ₹25,000 crore MoU with artificial intelligence startup Puch AI just four days after signing.
Invest UP cited a critical lack of net worth, missing financial linkages, and delayed due diligence submissions as the primary reasons for termination.
The one-year-old startup faced intense public scrutiny over its actual capacity to build capital-heavy infrastructure like data centers and AI parks.
The rapid cancellation highlights a major flaw in state-level "MoU culture," where massive non-binding deals are frequently announced before basic financial vetting takes place.
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