Mumbai: A day after the Supreme Court threw out its petition challenging the Bombay High Court order, which had asked it to hand over 33 percent of its mill land to the BMC and Mhada, textile and realty major Bombay Dyeing Friday said it would abide by the apex court verdict.
"The issue was never about handing over, but of when we are entitled to hand over as per the law. We have already considered the handing over in our planning and designing of both our properties and therefore does not affect or delay any of our commitments to our esteemed customers on our recently- launched residential towers and retail high street," Bombay Dyeing managing director Jeh Wadia said in a statement here this evening.
The Bombay High Court had in May stayed the stop-work notice issued by the Brihanmumbai Municipal Corporation (BMC) to Bombay Dyeing for redeveloping the mill land in central Mumbai. A division bench, headed by chief justice Mohit Shah and justice Roshan Dalvi later vacated the stay and asked the the company to hand over the land to BMC and Mhada.
The company had approached the HC after BMC issued a stop-work notice on March 26, 2010. The notice was issued following a direction from the monitoring committee that oversees redevelopment of mill lands in the metropolis.
The panel, headed by justice (Retd) B V Chavan, had directed the civic body to issue stop-work notice on the grounds that Bombay Dyeing had failed to hand over land to Mhada and BMC for low-cost housing and recreational grounds, respectively.
Yesterday, an SC bench of justices R M Lodha and A R Dave dismissed a special leave petition filed by Bombay Dyeing against the HC order asked the company to hand over one third of the mill land at Naigaum and Lower Parel to the BMC and Mhada, respectively, for development of open spaces, transit camp accommodation and houses for mill workers.
The apex court asked the company to hand over the land by August 21 that has been earmarked for the BMC and Mhada under the mill land redevelopment scheme.
Mhada and the BMC will get around 65,000 sqft of land, earmarked under the mill land redevelopment scheme, in the city's prime locations.
Bombay Dyeing's projects coming up on its erstwhile mill plots are the Spring Mills in Dadar-Naigaon and another in Lower Parel. The plans for the mills include a 38-storey residential-cum-commercial and retail, IT spaces and a hotel.
First Published: Friday, August 10, 2012, 22:51