Bombay HC quashes Rs 432 Crore penalty imposed on Reliance Industries by Mumbai Development AuthorityNovember 21 2019
The Bombay High Court recently set aside a penalty of nearly Rs. 432 Crores imposed on Reliance Industries Limited (Reliance) and Raghuleela Builders by the Mumbai Metropolitan Region Development Authority (MMRDA), finding that it was ex-facie unreasonable, unjustified and discriminatory.
The Court, thereby, quashed 2014 MMRDA orders for the alleged delay in construction of a ‘One BKC’ building in the Bandra-Kurla Complex of Mumbai, concluding that they were void ab initio. A Division Bench of Justices Ranjit More and . . .
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