Browsing Tag

BKC Convention Centre

1 post
In a landmark ruling, the Bombay High Court has directed MMRDA to return nearly ₹647 crore to Reliance Industries, holding that demands for delay penalty on the BKC Convention & Exhibition Centre project were arbitrary and illegal. The court cited the composite nature of the project, court stay, statutory delays and discriminatory policy on construction timelines.

Reliance to Receive ₹647 Crores from MMRDA in the BKC Convention Centre Case

In a landmark ruling, the Bombay High Court has directed MMRDA to return nearly ₹647 crore to Reliance Industries, holding that demands for delay penalty on the BKC Convention & Exhibition Centre project were arbitrary and illegal. The court cited the composite nature of the project, court stay, statutory delays and discriminatory policy on construction timelines.