5,818 crore owed to MMRDA to 5 defaulters including Mukesh Ambani

5,818 crore owed to MMRDA to 5 defaulters including Mukesh Ambani

Mukesh Ambani, the 11th richest businessman in the world and first in India, has MMRDA arrears 4381 crores. RTI activist Anil Galgali has been informed by the MMRDA administration that there are 5 other defaulters including Ambani and their total arrears is 5,818 crores.

RTI activist Anil Galgali had asked the MMRDA administration about the notices given to the defaulters and information about the dues. The MMRDA administration informed Anil Galgali that there are 5 defaulters namely M/s Reliance, Naman Hotel, Ambani Foundation, INS, Raghulila Builders. His case is going on in court. Notices were given to all these defaulters on 12 September 2017.

The richest Mukesh Ambani Here Number One defaulter of 4381 crores

11th Richest in World and first in India, Mukesh Ambani's company M/s Reliance is the most outstanding. The lease arrears Rs.4381.32 crores of the Jio Convention Center (Plot No. C 64) where the marriage ceremony is held.

One BKC (Plot No. C 66) has an outstanding balance of 1123.50 Crores. The name of the defaulter is M/s Raghulila Builders. Originally this land also belonged to M/s Reliance. In this case, MMRDA had to face a crushing defeat from the High Court to the Supreme Court. But MMRDA is likely to get the balance of 449.27 crores of additional built up area. INS (Plot No. C 63) outstanding is Rs.181.35 Crores. Ambani Foundation (Plot No. SF 7 & 9B) has arrears of Rs.8.15 crores. Whereas Naman Hotel Limited (Plot No. C 58 and C 59) has arrears of Rs.48.92 crores.

Penalty is levied if the construction is not completed in accordance with the purpose for which the land was taken within 4 years after taking the land on lease from MMRDA. CBI, Income Tax Department and other lease holders have honestly paid the penalty. According to Anil Galgali, MMRDA has always been kind to the defaulters, otherwise strict action has not been taken against any defaulter despite having the right to cancel the occupancy certificate. On the contrary, the MMRDA Commissioner showed special attention to give part OC to Naman Hotel. MMRDA has been claiming from time to time that the case is sub judice.