Reliance Infrastructure wins ₹157.64 crore arbitration award in Mumbai Metro 1 dispute
Reliance Infrastructure has secured a ₹157.64 crore arbitration award in its long-running dispute with the Mumbai Metropolitan Region Development Authority (MMRDA) over subordinated debt related to Mumbai Metro One Pvt Ltd (MMOPL), the operator of the Versova-Ghatkopar Metro Line 1. In a regulatory filing, the company said a three-member arbitral tribunal unanimously awarded ₹157.64 crore […]
HC opens the door for the 19-year-old Bandra East society’s reconstruction
After more than 19 years of delay, the Bombay High Court has now made it possible to reconstruct a housing society in Bandra East. The Kherwadi-based Sukhsadan Cooperative Housing Society approached the high court earlier this year after the Maharashtra Housing and Area Development Authority (MHADA) was requested by the resolution professional (RP) appointed by […]
NCLT Mumbai Approves Resolution Plan For Lavasa Corporation; Homebuyers Can Opt For Completed Units
The National Company Law Tribunal (NCLT), Mumbai Bench, comprising of Shri Kuldip Kumar Kareer (Judicial Member) and Shri Shyam Babu Gautam (Technical Member), while adjudicating a petition filed in the matter of Raj Infrastructure Development India Pvt. Ltd. v Lavasa Corporation Limited, has approved the resolution plan of Darwin Platform Infrastructure Limited for Lavasa Corporation […]