SC to review Maha's award of Dharavi redevelopment project to Adani Group

The Supreme Court on Friday agreed to review Maharashtra government's decision to award the Dharavi Redevelopment Project in Mumbai to Adani Properties Ltd, even as it directed Adani Properties to maintain an escrow account for all financial transactions related to the project.

- Utkarsh Anand

NEW DELHI:

Admitting a petition by SecLink Technologies Corporation (STC), the top court also made the award of the contract to Adani Realty subject to its final orders. A bench comprising Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar took note of an undertaking by STC, which had emerged as the highest bidder in the initial tender process before a second round was floated, ultimately awarding the contract to Adani Properties.

STC assured the court that it would meet all obligations undertaken by Adani Properties under the second tender and proposed a revised bid of ₹8,640 crore, aligning with all stipulated obligations.

Dharavi, one of Asia's largest slums, is a densely populated settlement in Mumbai, and its redevelopment project holds immense significance as it aims to transform the area into a modern urban space, providing improved housing, infrastructure, and economic opportunities for its residents.

During the hearing, the bench scrutinised the changes made in the tender conditions between the first and second bidding rounds.