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News Entry# 548620
Apr 16 (20:24) Mumbai Metro 1 Takeover Cleared: MMRDA to Assume Control After Bankruptcy Petition Dismissed
Entry# 6032758   
  Past Edits
This is a new feature showing past edits to this News Post.
Mumbai: MMRDA to take over Metro 1

The National Company Law Tribunal has dismissed the bankruptcy petition against Mumbai Metro One Private Limited (MMOPL), paving the way for the Mumbai Metropolitan Region Development Authority (MMRDA) to take over the Versova-Andheri-Ghatkopar Metro 1 route. MMRDA will take over the route after guaranteeing repayment of MMOPL's loan, which included...
more...
INR 1711 crore from six banks including SBI and IDBI Bank. This follows a period of financial losses for the route, prompting MMOPL to sell its stake and MMRDA to acquire it. The route was built on a private-public partnership basis with MMOPL owning 74% and MMRDA holding 26% ownership.

National Company Law Tribunal ne Mumbai Metro One Private Limited (MMOPL) ke against bankruptcy petition ko dismiss kar diya hai. Isse Mumbai Metropolitan Region Development Authority (MMRDA) ko Versova-Andheri-Ghatkopar Metro 1 route ko takeover karne ka rasta khul gaya hai. MMRDA, MMOPL ke loan ko repay karne ka guarantee...
more...
de raha hai, jisme SBI aur IDBI Bank se liye gaye INR 1711 crore bhi shamil hain. Yeh route financial loss mein chal raha tha, jiske wajah se MMOPL ne apna stake sell karne ka faisla kiya tha aur MMRDA ne yeh stake kharidne ka faisla kiya tha. Yeh route private-public partnership pe banaya gaya tha, jisme MMOPL ka 74% aur MMRDA ka 26% ownership hai.
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