On 11 September 2007, the Supreme Court allowed the consortium of Reliance Energy (REL) and Hyundai Engineering Construction Co (HDEC) to submit its bid for the Rs.2,600 crore Mumbai Trans Harbour Link Project between Mumbai and Navi Mumbai.

The proposed order was passed, while setting aside a judgment of the Bombay High Court upholding the exclusion of the consortium from the second stage of bidding on the ground that it had not fulfilled the criteria relating to net worth of Rs.200 crore. The period for presenting financial bids is now extended by REL-HDEC up to 15 December 2007.

The Maharashtra State Road Development Corporation had disqualified them from presenting their bid. The Bombay High Court dismissed a writ petition filed by REL-HDEC and the present appeal is directed against this judgment dated 4 June 2007.

Also See:

Decision on Mumbai Trans Harbour Link soon (23-Jun-07)

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