The Megha Engineering Infrastructure Ltd (MEIL) on Thursday challenged the maintainability of a PIL filed by a Hyderabad-based particular person in search of investigation by SIT or CBI into alleged fraud financial institution ensures accepted by MMRDA from MEIL primarily based on which a contract of Rs 16,600-crore Borivali-Thane underground twin tunnel undertaking was awarded to MEIL.
The HC granted time to petitioner to answer intervention utility filed by MEIL, elevating preliminary objection to the PIL in search of its dismissal on the bottom of maintainability of the plea and posted additional listening to to March 5.
A bench of Chief Justice Alok Aradhe and Justice Bharati H Dangre was listening to a PIL by petitioner V Ravi Prakash argued by way of senior advocate Prashant Bhushan.
The PIL alleged that fraudulent financial institution ensures had been issued by a international entity referred to as Euro Exim Financial institution primarily based in St. Lucia and included underneath the legal guidelines of England & Wales, and it was not a international financial institution acknowledged by the Reserve Financial institution of India (RBI).
Senior advocates Darius Khambata and Mukul Rohatgi representing MEIL sought dismissal of the plea and acknowledged that the petitioner didn’t have locus (authorized standing) to file the plea and it’s dismissed and exemplary prices be imposed on the petitioner.
The MEIL in its interim utility claimed that the undertaking was being constructed in better public curiosity to day by day commuters and would scale back journey time from Thane to Borivali to fifteen minutes from 1 hour half-hour.
The respondent firm alleged that the petitioner has suppressed materials info concerning prior shareholder, civil and prison disputes with MEIL and the identical confirmed that the PIL is motivated and never real.
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Solicitor Normal Tushar Mehta and Advocate Normal Birendra Saraf, representing MMRDA, opposed the PIL stating the character of MEIL’s utility was such that the courtroom ought to determine its maintainability first earlier than listening to it on deserves.
The courtroom granted time to Bhushan to file reply to MEIL’s utility and posted additional listening to to March 5.
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