HC asks MMRDA to deposit ₹1,169 crore in Metro 1 arbitration case

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 ₹1,169 crore with the court's registry in the case pertaining to the Reliance Infrastructure-led Mumbai Metro One Private Limited (MMOPL).

- Ateeq Shaikh

MUMBAI:

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 made out for an unconditional stay, passed an order directing MMRDA to deposit the entire awarded amount—₹1,169 crore (inclusive of accrued interest as of May 31) with the registry of the high court on or before July 15, 2025," read an exchange filing by Reliance Infrastructure.