Legal7 May 2026, 01:25 pm
Antony Waste: Supreme Court Dismisses Plea; ₹15 Cr Due
AI Summary
The Supreme Court of India dismissed a Special Leave Petition filed by Bhiwandi Nizampur City Municipal Corporation (BNCMC) against Antony Waste Handling Cell Ltd. The petition challenged a Bombay High Court order related to a 2005 solid waste management contract. The Supreme Court instructed BNCMC to disburse the amount due to Antony Waste within three months, with a 9% annual interest penalty for delays.
Key Highlights
- Supreme Court dismissed BNCMC's petition against Antony Waste on May 5, 2026.
- The dispute originated from a 2005 Solid Waste Management contract.
- Antony Waste won an arbitration award of over ₹15 crore plus interest.
- BNCMC must disburse the amount within three months or face 9% annual interest.
- Bombay High Court had previously upheld the validity of a compromise approved by BNCMC's Standing Committee.