Mukesh Ambani-owned RIL owes Rs1,577 crore to MMRDA as additional premium charges
Reliance Industries Ltd (RIL), India's largest private sector company owes a whopping Rs1,576.90 crore as additional premium charges to the Mumbai Metropolitan Region Development Authority (MMRDA) as a lease-holder of two plots at the Bandra Kurla Complex in Mumbai, reveals a reply received under the Right to Information (RTI) Act.
The reply received by RTI activist Anil Galgali shows, several lease holders, including RIL owes about Rs1,628.7 crore to the Authority. RIL was charged additional premium for three plots of land, numbered as G/C64, G/C66 and G/RG1A. The company had in full charges of Rs4.94 lakh for the G/RG1A plot. However, it has not paid dues of Rs1,187.59 and Rs389.31 crore for two plots, G/C64 and G/C66, respectively, shows the RTI reply.
RIL, has, however, said it is waiting for further communication from MMRDA as there was a court stay for almost five years on construction on plot no C/64. A report from The Hindu quoted RIL spokesperson as saying, “MMRDA had recognised the force majeure with regards to Plot Number C/64, as there was a court stay on construction between October 2007 and March 2012. MMRDA, in the last authority meeting, decided to appoint a committee and we are awaiting further communication from it on the same.”
Indian News Paper Society (Rs28.12 crore) and Naman Hotels Pvt Ltd (Rs23.68 crore) are the two other entities that have not paid the dues to MMRDA.
As per the RTI reply, the Commissioner of Income Tax owes Rs27.63 lakh as additional premium charges for two different plots in BKC. Maharashtra Maritime Board also owes Rs7.21 crore to MMRDA, the reply says.
Galgali, in a letter to Maharashtra Chief Minister Devendra Fadnavis, has demanded the recovery with interest within 30 days from these entities. "If the amount is not recoverable then, it should immediately take the possession of the plot and once again re-alot it to the highest bidder, which will bring revenue to the MMRDA and will help in initiating public development activities," the RTI activist had said in the letter.