SC stays bids of Mumbai sea project
In a relief to REL, the SC extended the stay on the bidding process for the longest sea link expressway
By PTI |
NEW DELHI: In a relief to Anil Ambani-led Reliance Energy Ltd, the Supreme Court on Monday extended the stay on the bidding process for the country's longest sea link expressway at an investment of over Rs 2,600 crore.
Hearing a petition filed by REL, a Bench headed by Justice Tarun Chatterjee extended the stay granted by Bombay High Court restraining Maharashtra State Road Development Corporation Ltd from opening the bids for the project.
Incidentally, Mukesh Ambani-led Sea King Infrastructure is the frontrunner for the project.
Hearing a petition filed by REL, a Bench headed by Justice Tarun Chatterjee extended the stay granted by Bombay High Court restraining Maharashtra State Road Development Corporation Ltd from opening the bids for the project.
Incidentally, Mukesh Ambani-led Sea King Infrastructure is the frontrunner for the project.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
