Bombay High Court Rejects Plea Against ₹16,000 Cr Bank Guarantees for Borivali-Thane Tunnel Project
Summary: The Bombay High Court has dismissed a public interest litigation (PIL) alleging that the bank guarantees provided by Megha Engineering and Infrastructure Ltd (MEIL) for the Borivali-Thane tunnel project were fraudulent and ballistic in nature.
Introduction: A public interest litigation (PIL) was filed against the government and MEIL, alleging that the bank guarantees provided for the ₹16,000 crore Borivali-Thane tunnel project were fraudulent and ballistic in nature. The PIL claimed that the guarantees were not in compliance with the tender documents and were not creditworthy.
Key Points:
- The PIL claimed that the bank guarantees provided by MEIL were not in compliance with the tender documents.
- The PIL alleged that the guarantees were fraudulent and ballistic in nature.
- The court rejected the PIL, stating that the petitioner did not come with clean hands and did not provide sufficient evidence to support the allegations.
- The court also stayed the sub judice proceedings in the case, pending the disposal of the PIL.
Conclusion: The Bombay High Court has dismissed the PIL, rejecting the allegations of fraud and ballistic bank guarantees. The court has also stayed the sub judice proceedings in the case, pending the disposal of the PIL. The decision has been applauded by the government and MEIL, who could not have expected a more positive outcome.
Keywords: Bombay High Court, PIL, bank guarantees, Borivali-Thane tunnel project, Megha Engineering and Infrastructure Ltd, MEIL, government, tender documents, fraudulent, ballistic, court, judgement.
Hashtags: #BombayHighCourt #PIL #BankGuarantees #BorivaliThaneTunnelProject #MEIL #Government #TenderDocuments #Fraudulent #Ballistic #Court #Judgement