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SC modifies Bombay HC order, MMRCL spared 250-crore upfront payment

The Supreme Court has modified a Bombay High Court order, easing conditions for Mumbai Metro Rail Corporation Ltd (MMRCL) to stay an arbitral award. MMRCL will not need to deposit the full 250.82 crore award but must provide an undertaking detailing its properties and commit to payment within eight weeks if L&TSTEC JV ultimately succeeds.

1 Dec 2025 12:27 pm