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"These matters pertain to the construction of a Convention-cum-Exhibition Centre and commercial complex at Bandra Kurla, Mumbai. The petitioner before us is the unsuccessful bidder who has challenged the action of the Mumbai Metropolitan Region Development Authority (MMRDA) cancelling all the bids at an earlier stage. Despite the application made by the petitioner, we declined to grant injunction in the matter. As a result, MMRDA re-tendered and we are informed that the highest bid was by Reliance Industries Limited, which is said to have been granted the contract and paid a sum of Rs.552 crores.
The petitioner desires to demonstrate to this Court
(a) that the bid was cancelled by the MMRDA, which had no jurisdiction to do so under the Act; and (b) that there was mala fides in cancelling all the bids as it was intended to engineer the re-tendering process to favour the party who has now succeeded. To demonstrate his bona fides, the petitioner's counsel states that the petitioner would not only match the bid of the presently successful party only for the Convention Centre, but that he would also pay the amount at one go instead of paying it over a period of time.

tion) of the Convention & Exhibi-

tion Centre shall be considered as 65,000 sq.m. irrespective of the reduction that may be possible on finalization of detailed architectural designs. Similarly the floor space considered for FSI computation for the commercial Complex will be 50,000 sq.m. The bidder will have to quote a fixed rate of Rs.20,000 per sq.m. of built up area for total built-up area 65,000 sq.m. for Convention & Exhibition Centre.

The amount will be Rs.130 crores.

The bidder will also have to quote a rate of premium higher than Rs.70,000 per sq.m. of built-up area for 50,000 sq.m. of total built-up area for Commercial Complex. The premium amount will be higher than Rs.350 crores. The total minimum amount of lease premium to be quoted by the bidder will be higher than Rs.480 crores of the total amount of lease premium that will be payable to MMRDA 50% will have to be paid within one month and the balance will have to be paid within two months i.e. within three months from the time the bid is accepted. The lease period is of 80 years as is indicated in the MMRDA (Disposal of land) Regulation 1977.

Rs.12,121 per sq. mtrs.

2. Rate expected by MMRDA Rs. 25,000 per sq.mtrs.

3. Amount for 75,500 sq. mtrs @ Rs.25,000/-

per sq.mtrs. (This should have been the minimum bid in 2003) Rs.188.75 crores

4. Amount for 1,15,000 sq.mtrs @ Rs.25,000/- per sq.mtrs. (This would have been the reserve price at old rate in 2005) Rs.287.50 crores

5. Reserve Bid of MMRDA in 2005 (Minimum price revised as below) Rs.480 crores

6. Rate per sq. mtrs in the Reserve bid Rs.480 crores (divided by) 1,15,000 sq.mtrs.