The refund of Rs 646 crore that the Bombay High Court ordered must now be deposited with the Supreme Court registry while the appeal in the Reliance BKC lease dispute is pending. New Delhi: Issuing notice on an appeal against a Bombay High Court judgment that had quashed premium demands against Reliance Industries Limited over […]
Relief for L&T as MMRDA scraps Rs.14,000 crore tender for Mumbai elevated roads and tunnel projects after Supreme Court’s sharp criticism. The Court had earlier questioned the manner in which L&T was disqualified from bidding.
L&T has accused MMRDA of unfair practices in a Rs 6,000 crore infrastructure tender, leading to a Supreme Court hearing set for May 29 after Bombay HC dismissed L&T’s petitions. The Supreme Court highlighted the need for transparency regarding public funds and questioned fairness in the tender process, emphasizing L&T’s right to challenge its bid rejection.
Larsen & Toubro (L&T) filed a petition in the Supreme Court of India alleging irregularities in a Rs 14,000 crore tender process by MMRDA for major road projects. L&T claims it hasn’t received updates on its bid’s evaluation. The court expressed concern over the handling of public funds and demanded clarity from MMRDA.
