By Admin 
This news is relieved for Anil. The Bombay High Court has ruled in favor of Mumbai Metro One Private Limited, a subsidiary company of Reliance Infrastructure. MMRDA i.e. Metropolitan Development Authority has been asked to pay Rs 1,169 crore to MMOPL by Bombay High Court.
Actually, Versova-Andheri-Ghatkopar, built on the basis of public transitorship model, had a lot of controversy over the Mumbai Metro Line-1. Reliance Infrastructure has a big share in this project conducted by MMOPL. There was a lot of dispute between Reliance Group and MMRDA over the payment and cost of this project.
Big relief to Anil Ambani
It was said by the MMOPL that it was not paid according to the investment he has made in the project. After this, the company moved to the court for justice. Now the Bombay High Court of MMOPL claims has justified MMRDA of Rs 1169 crore, justifying.
Actually, Reliance Infrastructure has been facing economic challenges for a long time. In such a situation, the company can become financially stronger with this decision of the High Court. The first metro line of Mumbai is being run by Versova-Andheri-Ghatkopar Corridor MMOPL Reliance Infrastructure and MMADA’s Joint Venture. In this, seventy -four percent stake is with Reliance Infrastructure, while MNRDA has kept the ownership of it.
Return may be strengthened
This decision of the court is expected to have a strong comeback of Anil Ambani’s company. Anil Ambani suffered a major setback when he announced insolvency in the UK court in 2020. In August 2024, SEBI banned the security market. In 2019, Sony escaped from going to jail due to non -payment of arrears. In such a situation, this is being considered a good comeback for him.
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