• RIL biggest defaulter of MMRDA: RTI

    Mukesh Ambani-owned Reliance Industries Limited is the biggest defaulter of Mumbai Metropolitan Region Development Authority (MMRDA), with dues of over Rs 15.76 billion against it, shows an right to information (RTI) response. A total of about Rs 16.41 billion of premium is pending against five lease holders of MMRDA, who were given extensions to complete construction of projects on the plots allotted to them, the MMRDA said in a reply to an RTI application filed by Mumbai-based activist Anil Galgali.

    The RIL reacted saying that court stay and regulatory clearances had delayed the construction. “The matter is before an MMRDA committee from which a final decision is awaited,” an RIL spokesperson said. The dues towards first plot, G/C-64, which is yet to be completed with six-year extension already given, amounts to about Rs 11.87 billion while a sum of about Rs 3.89 billion is pending for G/C-66 plot for a four-year extension on which the construction has been completed recently.

    The RIL has paid about Rs 0.4 million as premium against another plot G/RG -1A. The response says about Rs 24.37 billion got accrued as premium against 29 lease holders for extensions of which Rs 7.96 billion has been realised so far. While the dues against government organisations are over Rs 125 million, private sector owes over Rs 16.286 billion and public sector organisations have a negative balance of Rs 8.5 million (MMRDA has to return). Avonte Maddox Authentic Jersey

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