RIL owes over Rs 1,576 crore to MMRDA

Mukesh Ambani-owned Reliance Industries Limited tops the list of those with pending dues to Mumbai Metropolitan Region Development Authority (MMRDA) with an outstanding demand of over Rs 1,576 crore against it, shows an RTI response.
A total of over Rs 1,641 crore of premium is pending against five lease holders of MMRDA, who were given extensions to complete construction of projects on the plots allotted to them, the MMRDA said in a reply to an RTI application filed by Mumbai-based activist Anil Galgali.
Out of these pending premiums, Reliance Industries alone owes over Rs 1,576 crore for two plots--G/C-64 and G/C-66.

The RIL reacted saying that court stay and regulatory clearances had delayed the construction. The matter is before an MMRDA committee from which a final decision is awaited, an RIL spokesperson said.
The dues towards first plot, G/C-64, which is yet to be completed with six-year extension already given, amounts to over Rs. 1,187 crore while a sum of over Rs 389 crore is pending for G/C-66 plot for a four-year extension on which the construction has been completed recently.
The RIL has paid over Rs four lakh as premium against another plot G/RG -1A.
The response says over Rs 2,437 crore got accrued as premium against 29 lease holders for extensions out of which Rs 796 crore has been realised so far.

While the dues against government organisations are over Rs 12.5 crore, private sector owes over Rs 1628.6 crore and public sector organisations have a negative balance of Rs 85 lakh (MMRDA has to return).