Parsvnath may build on HC booster

| Updated on March 19, 2019 Published on March 19, 2019


Parsvnath Developers on Tuesday said the Delhi High Court has upheld its claim of ₹1,034 crore in a dispute with Rail Land Development Authority. The case relates to a project in the national capital. In February 2016, Parsvnath had terminated its development agreement with RLDA due to a title dispute; it had bought the land for ₹1,651 crore. Parsvnath Rail Land Project Pvt Ltd, an SPV created for the project, had moved the arbitration process to settle the issue.

Published on March 19, 2019
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