The Bombay High Court has upheld the Maharashtra State Housing Department's award of the Dharavi slum rehabilitation project to Adani Properties Pvt. Ltd, dismissing a legal challenge from Dubai's Seclink Technology Corp. The ruling clears the way for the Gautam Adani-promoted entity to lead the redevelopment of the 259-hectare slum in central Mumbai, one of Asia's largest.
Seclink, which lost the bid to Adani in 2022, argued its ₹7,200 crore offer was not only higher but more deserving than Adani's ₹5,069 crore bid. It also alleged that the state government's decision to cancel the earlier tender and issue a fresh one was biased, violating the principles of natural justice.
Seclink's lawyer told Mint it will challenge the order in the Supreme Court.
This story is from the December 21, 2024 edition of Mint Bangalore.
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This story is from the December 21, 2024 edition of Mint Bangalore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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