The Supreme Court of India has ordered the restitution, or refund, of ₹520.80 crore to Lodha Developers Limited (LDL) concerning claims against V Hotels Limited (VHL). This amount, which was deposited by Lodha as security, will be returned along with accrued interest. The ruling affirms LDL’s position as a legitimate resolution applicant with a valid interest in VHL’s properties, and states that ED has no lien against VHL’s properties.
Supreme Court Ruling
In a significant legal development, the Supreme Court of India has ruled in favor of Lodha Developers Limited, ordering the refund of ₹520.80 crore. This amount was initially deposited by the company as security against claims related to V Hotels Limited (VHL).
Details of the Restitution
The court’s order mandates the restitution, or refund, of the entire sum of ₹520.80 crore, including accrued interest, to Lodha Developers Limited (LDL). This order is related to Lodha’s position as a resolution applicant for VHL.
Impact on VHL Properties
The Supreme Court order clarifies that the Enforcement Directorate (ED) holds no right or lien against VHL’s properties. The announcement was made on November 27, 2025.
Source: BSE
