New Delhi: The Supreme Court today did not stay the fare hike, effected by Reliance Infrastructure-led Mumbai Metro One Private Limited, for metro commuters in that city and asked the Centre-appointed panel to decide the fare issue by April end.
A bench headed by Justice Dipak Misra, however, asked Mumbai Metro One Private Limited (MMOPL) to deposit 50 per cent of “differential amount”, which will come to it due to the fare hike, with the apex court registry on weekly basis. “The fare fixation committee shall follow the procedures, law and rules made thereunder.
Till the committee decides the issue, Respondent no. 3 (MMOPL) and petitioner (Mumbai Metropolitan Region Development Authority) would be at liberty to collect enhanced fare following the decision of the Bombay High Court,” the bench, also comprising Justice P C Pant, said.
The court ordered its registry to keep the money, to be deposited by the Reliance firm, in short term deposits and fixed the plea, filed by Mumbai Metropolitan Region Development Authority (MMRDA) against the High Court order, for further hearing on May 6. More info