Overview

• MMRDA transferred ₹560.21 crore to the Bombay High Court registry on July 29 in compliance with a Supreme Court order for a 50 percent payment
• The sum represents half of the ₹1,169 crore award, which includes a ₹992 crore tribunal grant plus accrued interest on cost escalations for the Versova–Andheri–Ghatkopar Metro Line 1
• The arbitration tribunal ruled in favour of MMOPL, a joint venture with Reliance Infrastructure holding 74 percent and MMRDA 26 percent, after disputes over delays and cost claims that MMOPL said rose to ₹4,321 crore
• MMRDA had challenged the full deposit requirement via a Special Leave Petition, prompting the Supreme Court to allow partial compliance until final adjudication
• Remaining hearings in the Bombay High Court and Supreme Court will decide whether MMRDA must pay the outstanding award balance and settle related contractual disputes