India, March 6 -- The Bombay high court on Wednesday reserved its judgment on an intervention application challenging the locus standi (right to be heard) of a Public Interest Litigation (PIL) seeking an investigation into the allegedly fake bank guarantees furnished by Megha Engineering & Infrastructures Ltd (MEIL) for a Rs.16,600-crore contract for the Thane-Borivali twin tunnels project.

Ravi Prakash Velicheti, an investigative journalist, had filed the PIL last month. It claimed that the bank guarantees submitted by the Hyderabad-based infrastructure company to the Mumbai Metropolitan Region Development Authority (MMRDA) in July 2023 for the twin tunnel project were issued by St Lucia-based Euro Exim Bank, which is neither a schedule...