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2025 Supreme(Bom) 503

IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ALOK ARADHE, CJ., BHARATI DANGRE, J.
V. Ravi Prakash, President, RTV – Appellant
Versus
Mumbai Metropolitan Region Development Authority – Respondent


Advocates:
Advocate Appeared:
Mr.Prashant Bhushan, Senior Advocate (through VC) a/w. Ms. Neha Rathi, Kajal Giri and Mr. Arjun Kadam for the petitioner
Mr. Tushar Mehta, Solicitor General (through VC) a/w.
Dr. Birendra Saraf, Advocate General, Mr. Siddharth Dharmadhikari, Mr. Jay Sanklecha, Mr. Abhishek Karnik, Mr. Aditya Krishna and Ms. Payal Vardhan for respondent No.1.
Dr. Birendra Saraf, Advocate General with Smt. Pooja Patil, AGP for respondent No.2 – State
Mr.Mukul Rohatgi, Senior Advocate (through VC) a/w.
Mr. Darius Khambata, Senior Advocate, Mr. Vivek Reddy,
Senior Advocate a/w. Mr. Shrinivas Bobde, Mr. Rohan
Dakshini, Mr. Vishesh Malviya, Ms. Nikita Mishra,
Ms. Janaki Garde, Mr. Tejas Popat, Ms. Rakshita Singh,
Mr, Raghav Dharmadhikari, Mr. Himanshu Saraswat,
Mr. K.Pratik Reddy i/b. Rashmikant & Partners for
respondent No.3 and for applicant in IAL/5415/2025.
Mr. Amit Ambu Satyarthi and Mr. Varun Chugh i/b. Alph
Legal Consultants for respondent No.3
Mr. Mayur Khandeparkar a/w. Mr. Pravin H. Padave,
Mr. Bijish Balan i/b. ASR and Associates for respondent
No.4
Mr. Ram Apte, Senior Advocate a/w. Mr. Sagar Patil,
Ms. Suruchi Rokade i/b. Mr. Mayuresh Legal for
respondent No.8

JUDGMENT :

ALOK ARADHE, C.J.

1. In this Public Interest Litigation (PIL), the petitioner, inter alia; is seeking an investigation by CBI or an SIT into the alleged fraud bank guarantees furnished by respondent No.3 – Megha Engineering Infrastructure Ltd. (MEIL) which has been accepted by respondent No.1 i.e. Mumbai Metropolitan Region Development Authority (MMRDA). The challenge to the bank guarantees is made on the ground that the same have been issued by the Euro Exim Bank, which is neither a scheduled bank nor a commercial bank, approved by the Reserve Bank of India. The petitioner also seeks a direction to the MMRDA to cancel the contract awarded to MEIL. The facts leading to filing of this PIL need mention, which are stated infra.

(I) FACTS:

2. A Request for Proposal (RFP) was issued on 12th May 2023 for construction of a twin tube road tunnel between Thane and Borivali in Mumbai. The MEIL, in the aforesaid RFP, was declared the preferred bidder and on 8th May 2023, a Letter of Acceptance (LoA) was issued to it. The MEIL furnished performance bank guarantee for a sum of Rs.92.67 crores and Rs.88.18 crores, issued by Canara Bank for the project in question. The MEIL has also furnis

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