HC OKs Maharashtra Airport Co rejecting Anik Industries bid to lease plot
This story was originally published at 18:56 IST on 26 June 2025
Register to read our real-time news.Informist, Thursday, Jun. 26, 2025
NEW DELHI – The Bombay High Court Thursday upheld Maharashtra Airport Development Co. Ltd.'s rejection of Anik Industries Ltd's bid for allotment of plot of land on lease located at the special economic zone in the Multi Modal international Cargo Hub and Airport at Nagpur. The high court said that the contention that the plot must be allotted to Anik Industries on account of its bid being the highest, by ignoring its technical disqualification, deserves rejection.
"Considering the overall conspectus of the case, we are of the view that petitioner (Anik Industries) is unable to demonstrate any element of arbitrariness, irrationality or perversity in the actions of the tendering authority in implementing the impugned tender process," said the high court. The petition is otherwise devoid of merits, the court added.
The case has its genesis from Maharashtra Airport Development Co. initiating the process of leasing the plot for residential and commercial use in September. After the whole process, the bid of Anik Industries was rejected by Maharashtra Airport Development Co. on account of non-fulfillment of qualifications of technical criteria. Challenging this, Anik Industries moved the high court.
On Thursday, shares of Anik Industries ended 0.8% lower at INR 109.07 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
