Lodha Developers to receive ₹521 crore refund from Supreme Court
after close1 source ↓written by the desknot a recommendation
- by the Supreme
- ₹520.80 crore
Lodha Developers Ltd has been granted a refund of ₹520.80 crore by the Supreme Court of India, following its deposit as security against claims on V Hotels Ltd. The amount will include accrued interest, reinforcing Lodha's position as the successful Resolution Applicant for V Hotels. This ruling may enhance investor confidence and liquidity for the company.
Not investment advice. For informational purposes only.