India, Nov. 4 -- The Bombay High Court on Monday paved the way for the appointment of a new developer for one of the largest slum rehabilitation projects in Mumbai, which has been stalled for nearly two decades. Spread across 50,000 square metres in Jogeshwari East, the project is intended for the rehabilitation of 7,200 slum dwellers.

A single-judge bench of justice NJ Jamadar upheld an April order of the Apex Grievance Redressal Committee (AGRC), which recommended that the Slum Rehabilitation Authority (SRA) be allowed to float tenders to appoint a new developer.

The court dismissed petitions filed by JC Flowers Asset Reconstruction Pvt Ltd and Manomay Ventures Pvt Ltd, which had challenged the AGRC's order. The quasi-judicial body, w...