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Bombay HC Upholds Arbitral Award Partly in Mumbai Metro-1 Dispute – MMRDA’s Section 34 Challenge Partly Fails

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Award of claims in the Majority Award in respect of Claim No.1 of Rs.35 crores for deductions made in the tranches of VGF together with interest of Rs.6,14,72,498/-, Claim No.2 of Rs.13,16,00,000/- towards compensation for additional costs incurred for payment of rent for Wadala land, Claim No.3 of Rs.30,48,00,000/- towards compensation for construction of steel bridge at Andheri and Claim No.6(d) of Rs.163,22,44,188/ towards increase in the cost of system works are upheld.

Award of Claim No. 6(f) for additional overhead expenses of Rs.100 crores, additional interests and financing expenses of Rs.125 crores and opportunity costs on loss of profits of Rs.23,47,77,780/- are set aside.

Judgment dated 24.2.2026 of the High Court of Bombay in Commercial Arbitration Petition No.427 of 2024 of Mumbai Metropolitan Regional Development Authority   Vs.  Mumbai Metro One Private Limited with I.A.No.3495 of 2025  of National Asset Reconstruction Company Limited

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