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Bombay HC upholds Adani's bid to develop Dharavi slum
Mint Bangalore
|December 21, 2024
The project gained momentum in 2016 under the Bharatiya Janata Party-Shiv Sena led govt
The Bombay High Court has upheld the Maharashtra State Housing Department's award of the Dharavi slum rehabilitation project to Adani Properties Pvt. Ltd, dismissing a legal challenge from Dubai's Seclink Technology Corp. The ruling clears the way for the Gautam Adani-promoted entity to lead the redevelopment of the 259-hectare slum in central Mumbai, one of Asia's largest.
Seclink, which lost the bid to Adani in 2022, argued its ₹7,200 crore offer was not only higher but more deserving than Adani's ₹5,069 crore bid. It also alleged that the state government's decision to cancel the earlier tender and issue a fresh one was biased, violating the principles of natural justice.
Seclink's lawyer told Mint it will challenge the order in the Supreme Court.
Denne historien er fra December 21, 2024-utgaven av Mint Bangalore.
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