The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL).
MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74 per cent stake in the joint venture, the remaining 26 per cent is held by MMRDA.
MMOPL operates Mumbai’s first metro line on Versova -Andheri-Ghatkopar corridor.
ALSO READAdani Power board to deliberate stock split proposal on August 1; shares up 3.37% – Key details here Bombay HC’s order for payment of Rs 1,169 crore
Earlier in June, the Bombay High Court had directed MMRDA to pay the arbitration award of Rs 1,169 crore (inclusive of accrued interest as of May 31, 2025) to MMOPL and deposit the amount with the registry before 15 July 2025.
In a regulatory filing then, Reliance Infrastructure had said, “The Bombay High Court, after noting that no case was made out for an unconditional stay, passed an order directing the MMRDA to deposit the entire awarded amount—approximately Rs 1,169 crore (inclusive of accrued interest as of May 31, 2025) —with the Registry of the court on or before July 15, 2025.”
“This direction was issued in proceedings initiated by MMRDA …challenging the arbitral award dated August 29, 2023, as corrected by order dated February 26, 2024,” it had added.
However, MMRDA filed a special leave petition before the Supreme Court challenging the order. Following this, the apex court directed MMRDA to deposit 50 per cent of the award amount.
What is the dispute?
The dispute stems from a 2007 agreement concerning the development, design, engineering, financing, procurement, construction, and operation and maintenance of the metro rail project.
The metro rail project faced a delay of more than two years. MMOPL has asserted that the project cost rose from Rs 2,356 crore to Rs 4,321 crore. This claim was however disputed by MMRDA.
» Read More
