India's Supreme Court on Friday asked billionaire Gautam Adani's conglomerate to respond to allegations of unfairly winning a bid to redevelop one of Asia's largest slums in Mumbai, with the competing Dubai-based consortium offering to raise its bid.

In a landmark decision on Friday, the Supreme Court declined to impose a stay on the Dharavi redevelopment project, which is being executed by the Adani Group. This ruling comes after a fierce legal challenge by Dubai-based Seclink Technologies,

Mumbai HC has earlier upheld Adani Group's tender for Dharavi redevelopment, ruling no 'arbitrariness, unreasonableness, or perversity' in the decision.

The long-running legal battle focuses on whether SecLink Technologies was incorrectly excluded from the bidding process when the Indian billionaire won the Dharavi slum project with a $619 million bid

The SC ruling follows Seclink Technologies' challenge to Maharashtra's decision to award Asia's largest urban rehab project to Adani Group, disputing the bidding process

Dharavi redevelopment project holds immense significance as it aims to transform the area into a modern urban space, providing improved housing, infrastructure, and economic opportunities for its residents.

A bench of Chief Justice Sanjiv Khanna and Justice Sanjay Kumar sought responses from the Maharashtra government and Adani Properties Pvt Ltd, which was awarded the tender for the project, on a petition challenging a December 20,

The Supreme Court of India has asked Gautam Adani's group and local authorities to respond to allegations of unfairly winning the Dharavi slum project bid. SecLink Technologies, a competitor, claims it was improperly excluded.

The high court had cleared the decks for redevelopment of the slums in Dharavi and upheld the tender awarded to the Adani Group for the project, ruling there was no "arbitrariness, unreasonableness or perversity" in the decision.

Supreme Court refuses status quo on Dharavi redevelopment project, upholding Adani Group's tender award amid legal challenges.

The Supreme Court on Friday refused to impose the status quo on the Dharavi Redevelopment project on Friday while hearing a plea filed by Dubai-based SecLink Technologies challenging the Maharashtra government's award of the Dharavi Redevelopment Project to the Adani Group.