MMRDA, a state agency, and Anil Ambani-led Reliance Infrastructure, both of whom are part of Mumbai Metro One Private Ltd, have had a disagreement over the fares.
Justice R D Dhanuka today reserved the order till June 24 after hearing both sides.
While the state government wants minimum fare of Rs 9 and maximum fare of Rs 13, the Mumbai Metro One Pvt Ltd has announced higher fares ranging between Rs 10 to Rs 40.
"The project is not set up for private profit. It is a joint project by the public and the private sector for the people. Therefore, they cannot raise the fares arbitrarily," said senior counsel E P Bharucha representing MMRDA.
Bharucha said the fares can be revised only after a nod from Fare Fixation Committee.