M.C.Mehta vs Union Of India & Ors

The Supreme Court addressed the rights of the Consortium of Banks financing the Kundli-Manesar-Palwal Expressway, emphasizing that their interests should not be prejudiced by prior court orders. The Court recognized the significance of the concession agreement and the security interests established under the loan agreement, including the tripartite agreement involving HSIIDC. The Court held that the banks' rights must be safeguarded to ensure the project's timely completion and the recovery of outstanding dues amounting to approximately Rs.1419.15 crores.