India, June 11 -- In a setback for the cash-strapped Mumbai Metropolitan Region Development Authority (MMRDA), the Bombay high court on Tuesday directed the government body to deposit an arbitration award of Rs.1,169 crore with the court's registry in the case pertaining to the Reliance Infrastructure-led Mumbai Metro One Private Limited (MMOPL).
MMOPL is a special purpose vehicle in which Anil Ambani's Reliance Infrastructure has 74% stake and MMRDA has 26%. The entity operates and manages the Versova-Andheri- Ghatkopar metro line on a Public-Private Partnership basis, Maharashtra's first. On June 8, the transportation system completed 11 years of service.
"On June 10, 2025, the Hon'ble Bombay High Court, after noting that no case was ...
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