Bombay HC quashes Rs 432 Crore penalty imposed on Reliance Industries by Mumbai Development Authority

Bombay HC quashes Rs 432 Crore penalty imposed on Reliance Industries by Mumbai Development Authority
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4 min read

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.

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