https://www.taxtmi.com/caselaws?id=187773 SC upheld the validity of the project financing agreement between the municipal authority and the developer, holding that the authority's power could be traced to Section 272(1) of the Maharashtra Municipalities Act and need not be construed narrowly. Applying principles of judicial review, SC found no sufficient public law element or arbitrariness in the contractual decision to warrant interference. Allegations that the scheme was tailored to a particular developer, or that tender parameters were non-comparable, were rejected, especially as no other tenderer objected. SC further held that speculative concerns about possible unaccounted money could not justify invalidating an otherwise lawful municipal decision. en-us Thu, 13 Sep 1990 00:00:00 +0530 Fri, 05 Dec 2025 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187773 SC upheld the validity of the project financing agreement between the municipal authority and the developer, holding that the authority's power could be traced to Section 272(1) of the Maharashtra Municipalities Act and need not be construed narrowly. Applying principles of judicial review, SC found no sufficient public law element or arbitrariness in the contractual decision to warrant interference. Allegations that the scheme was tailored to a particular developer, or that tender parameters were non-comparable, were rejected, especially as no other tenderer objected. SC further held that speculative concerns about possible unaccounted money could not justify invalidating an otherwise lawful municipal decision. Case-Laws Indian Laws Thu, 13 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187773