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Bombay High Court Orders MMRDA to Deposit ₹1,169 Crore for Stay on Metro Arbitration Award

The court’s deposit requirement secures a stay on execution of the award pending the Section 34 appeal, with fare fixation matters still unresolved.

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Anil Ambani

Overview

  • The Bombay High Court directed MMRDA to deposit ₹1,169 crore by July 15, 2025, to obtain a stay on the arbitral award in favor of Mumbai Metro One Pvt Ltd.
  • MMOPL originally won an arbitration award of ₹992 crore plus accrued interest in August 2023 over disputes on the Versova–Andheri–Ghatkopar corridor.
  • The dispute centers on cost escalations from ₹2,356 crore to ₹4,321 crore caused by project delays and scope changes.
  • MMOPL, a joint venture between Reliance Infrastructure (74%) and MMRDA (26%), intends to use the awarded funds to reduce its debt.
  • Separate arbitration matters over initial fare fixation and proposed metro ticket fare hikes remain pending before the High Court.