Mahindra Lifespaces Developers Limited has announced the amicable resolution of a litigation with M/s. Parekh & Brothers. The arbitration process involved a claim of ₹32.96 Crores. The company confirmed that the matter was resolved with a Final Award passed on July 27, 2026, and the terms of settlement do not have a material impact on the company’s financial position.
Litigation Resolution Announced
Mahindra Lifespaces Developers Limited has formally communicated the successful and amicable resolution of a dispute with M/s. Parekh & Brothers. This development follows an arbitration process where a Statement of Claim was filed on November 24, 2025, seeking an amount of ₹32.96 Crores. The claim included compensation for sold and unsold flats.
Amicable Settlement and Financial Impact
The company announced that a Final Award was passed on July 27, 2026, and the certified copy of the order was received on the same day. Mahindra Lifespaces has stated that the mutually agreed obligations are to be completed by the end of September 2026. Importantly, the company has assured stakeholders that the settlement has no material impact on its financial position, beyond the agreed conditions between the parties.
Proactive Steps and Compliance
The company had previously informed stock exchanges about receiving the Statement of Claim on November 26, 2025. At that time, Mahindra Lifespaces expressed confidence in safeguarding its interests by contesting the claim and filing a counter-claim. The company’s proactive approach and commitment to transparency are underscored by this update, ensuring compliance with regulatory disclosure requirements.
Source: BSE
