IDBI Bank has petitioned the Mumbai bankruptcy bench to initiate corporate insolvency against Mumbai Metro One Pvt Ltd, which operates the metro line from Versova to Ghatkopar. The lender is seeking recovery of Rs 133.37 crore, including interest component, from Mumbai Metro One, according to stock exchange disclosure.
Anil Ambani’s Reliance Infrastructure owns a 74% stake in the metro line operator, while the remaining 26% stake is held by Mumbai Metropolitan Regional Development Authority (MMRDA), an apex body for planning and coordinating development activities in Mumbai.
