Mumbai Port Authority mulls legal action as 8 entities default on lease rentals of Rs 3,500 cr
The Mumbai Port Authority on Monday alleged that as many as eight entities have defaulted on lease rentals of Rs 3,500 crore, and it has decided to crack the whip on such entities and recover dues with the help of law officials and law firms.
The Mumbai Port Authority on Monday alleged that as many as eight entities have defaulted on lease rentals of Rs 3,500 crore, and it has decided to crack the whip on such entities and recover dues with the help of law officials and law firms.
To enforce public accountability and sensitise commercial tenants regarding immediate liquidation of arrears, the authority (MbPA) has compiled estimated combined liabilities of Rs 3,500 crore of eight top defaulters, the Port authorities said in a statement.
Stating that it has decided to crack down on defaulters and unauthorised occupants on the public land that falls under its jurisdiction on the eastern waterfront, MbPA alleged that a group of high-profile lessees and tenants have accrued lease rental arrears and have not been clearing their dues.
