Anil Ambani Has got a big relief from the Bombay High Court. On June 10, the Bombay High Court directed the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit a mediation of Rs 1,169 crore with the court registry in connection with the dispute with Mumbai Metro One Private Limited. Mumbai Metro One is an Anil Ambani’s Reliance Infrastructure’s subsidiary company. Anil Ambani’s company has got a big relief from this court facility. Its impact can be seen on Reliance Infra’s shares today. Market expert says that shares may rise.
What is the dispute?
A joint venture of Reliance Infrastructure and MMRDA operates Mumbai’s first metro rail on the MMOPL, Versova-Andheri-Ghatkopar Corridor. Reliance Infrastructure holds a 74 percent stake in it, the rest of MMRDA. The dispute between the two sides is related to the development, design, engineering, financing, procurement, construction, operation and maintenance of the metro rail under the 2007 agreement. The metro rail project started with a delay of more than two years. MMOPL claimed that the cost of the project increased from Rs 2,356 crore to Rs 4,321 crore, which was opposed by MMRDA.
Reliance’s company MMOPL accused MMRDA that he suffered heavy losses due to delay, delay in payment, and viability GAP Funding (VGF). Due to this, MMOPL started Arbitration in 2023. The Mediator Tribunal ordered MMOPL to pay ₹ 992 crore and interest, which increased to ₹ 1,169 crore by 31 May, 2025. Now MMRDA challenged this decision in the court under Section 34 of the Arbitration and Reconciliation Act.
HC’s stand to challenge the verdict in court
The Maharashtra government agency MMRDA moved the Bombay High Court challenging two orders passed by a three -member tribunal for various disputes including the cost of the metro project with Mumbai Metro One Private Ltd. (MMOPL). The MMRDA requested an interim restriction on the petition until the petition was heard and the verdict. On this, the court said that in this case it would be contrary to clear legislative intervention made to give strength and relevance to the arbitration orders without any deposit in this case. The court said that there is no case for unconditional adjournment. If the MMRDA deposits the entire amount by July 15, the implementation of the arbitration order will be stopped till the final hearing on its petition and the verdict.
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