Supreme Court refuses to halt Dharavi Redevelopment Project, Adani group to now…

The Supreme Courtroom at the present time declined to end the continuing development work for the Dharavi Redevelopment Mission (DRP), refusing to overturn the Bombay High Courtroom’s decision in favour of the Adani Community. In December 2024, the Bombay High Courtroom upheld the Maharashtra authorities’s decision to rupture Seclink’s 2019 bid and express a fresh peaceable in 2022, in the rupture awarding the challenge to Adani Community. Seclink which potential that of this truth appealed to the Supreme Courtroom.

Hearing an appeal filed by UAE-based Seclink Applied sciences Company, the court said that work on the challenge had already begun, including the demolition of some railway quarters. Seclink had challenged the Maharashtra authorities’s decision to award the Dharavi challenge to Adani Properties Miniature after canceling Seclink’s earlier bid.

The authorities justified its decision, citing changes in financial conditions between 2019 and 2022, including the COVID-19 pandemic, the Russia-Ukraine warfare, forex fluctuations, and rising hobby rates.

The Supreme Courtroom, on the other hand, directed that every particular person funds linked to the challenge be fabricated from a single escrow story. Chief Justice of India (CJI) Sanjiv Khanna, leading a bench that included Justice PV Sanjay Kumar, remarked orally that the Bombay High Courtroom’s decision used to be justified because the railway line would also be developed and included into the challenge.

The court issued notices to the Maharashtra authorities and Adani Properties and has scheduled the subsequent listening to for May 25.

Seclink Applied sciences, which had in the starting up bid Rs 7,200 crore for the Dharavi redevelopment, told the Supreme Courtroom that it used to be prepared to elongate its supply by 20 per cent. The bench directed Seclink to post an affidavit detailing its revised bid.