Live News
Home » National News » RIL defaults on Rs 1,370 cr fine over BKC convention centre: Maha govt

RIL defaults on Rs 1,370 cr fine over BKC convention centre: Maha govt

MMRDA had given over the development in Bandra Kurla Complex in 2006 and it is as yet fragmented

The Maharashtra government on Wednesday informed that Reliance Industries (RIL) has defaulted on installment of fine and extra additional charge of Rs.1,369.9 crore over the deferral in development of a convention cum-exhibition center in Mumbai.

The administration gave this information in the state authoritative get together in a composed answer to the inquiry by Leader of Opposition Radhakrishna Vikhe Patil and some different MLAs.

Because of their question about the exceptional installment of Mukesh Ambani-drove RIL, the legislature stated, “The Mumbai Metropolitan Region Development Authority (MMRDA) had given over a plot number C-64 (in Bandra Kurla Complex) to fabricate a world-class tradition cum-exhibition center on September 1, 2006.”

“It was chosen that its development ought to be over inside next four years. As needs be, the development ought to have been finished by August 31, 2010. Be that as it may, it didn’t occur,” the answer said.

The state additionally said that the development on a similar plot is “still inadequate”. The extra additional charge in addition to fine sum set up together as on July 15 is Rs.1,369.9 crore, it said.

The sub-question was gotten some information about what steps the state government has taken to recuperate the sum, the legislature said the fundamental move was being made by the MMRDA.