A request for an unconditional stay on an arbitral award in favor of the L&T–STEC joint venture has been declined by the Bombay High Court , and an order for the deposit of ₹250.82 crore within eight weeks has been issued. The matter was decided on October 10 by a single-judge bench led by Justice Somasekhar Sundaresan, and the arbitral award dated June 2025 was allowed to stand. It was recorded that withdrawal of the deposit by L&T–STEC would be permitted upon the furnishing of an unconditional bank guarantee for an equivalent amount, ensuring financial security while the challenge proceeds.

The origins of the dispute were traced to a civil works contract awarded in May 2015 for the design and construction of tunnels and stations on the Mumbai Metro network. Subsequent to the rollout o

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