Archive · 2 Jul 2025
Lodha Developers Ordered to Deposit ₹520 Cr in V Hotels Case
Lodha Developers, a real estate company, has to put aside about ₹520 crore as a guarantee because of a legal issue with V Hotels, a company they bought.
This issue involves the old owners of V Hotels and some money transactions the government is looking into.
The case is now with the Supreme Court, which has told Lodha to deposit the money to ensure V Hotels' assets are protected while the court examines the details.
Lodha hopes the court will quickly decide and return the money.
Lodha Developers directed to deposit ₹520.80 crore as security.
The deposit is related to an ED case against V Hotels Ltd's former promoter.
The case concerns transactions of ₹520.80 crore allegedly routed through VHL.
Lodha Developers acquired VHL through an insolvency process in April last year.
The Supreme Court is expected to hear the matter expeditiously and release the deposit.
- Who
- Lodha Developers and the Enforcement Directorate (ED) are the primary parties involved.
- What
- Lodha Developers was directed to deposit ₹520.80 crore as security in a Supreme Court case.
- When
- The decision was made in the context of an ongoing Supreme Court case and an ED investigation.
- Where
- The case involves V Hotels Ltd.
- Why
- The deposit is related to proceedings initiated by the ED against the erstwhile promoter of V Hotels Ltd.
- Company
- Lodha Developers
- Financial Security
- ₹520.80 crore
- Legal Body
- Supreme Court
- Acquisition
- V Hotels Ltd (2024)
- Legal Issue
- ED investigation, insolvency proceedings
