Reliance Infrastructure is in the spotlight after the company informed exchanges that the Bombay High Court (BHC) has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit approximately Rs 1,169 crore (including interest as of May 31, 2025) with the court’s registry by July 15, 2025. This move is linked to the arbitration award granted in favour of Mumbai Metro One Pvt Ltd (MMOPL)—a joint venture between Reliance Infrastructure (74%) and MMRDA (26%).
The BHC observed that no case was made out for an unconditional stay of the arbitral award and issued the directive while hearing MMRDA’s challenge to the award under Section 34 of the Arbitration and Conciliation Act. The arbitral tribunal had earlier awarded Rs 992 crore plus interest to MMOPL in a dispute regarding the Versova–Andheri–Ghatkopar metro corridor.
The detailed order from the court will be made available in due course.
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