Supreme Court Orders MMRDA to Deposit Rs 646 Crore in Reliance BKC Dispute

The Supreme Court directed the Mumbai Metropolitan Region Development Authority to deposit approximately Rs 646.78 crore with its Registry by November 6.

Background

The interim direction arose from MMRDA’s appeal against a Bombay High Court judgment setting aside delay-related demands on Reliance Industries over a Bandra-Kurla Complex development project.

Legal issue and reasoning

The central dispute concerns when the contractual construction period began and whether the High Court could calculate the deadline from an effective commencement certificate. The Supreme Court has not finally decided those questions.

Consequence and next step

Notice was issued to Reliance and counter-affidavits were sought by October 30. The deposit preserves the disputed sum pending appellate consideration.