Deposit Rs 20 crore to settle property dispute: SC to Dilip Kumar

The actor had entered into the agreement with Prajita Developers Pvt Ltd for developing his property, measuring 2412 square yards.

Published: 30th August 2017 07:22 PM  |   Last Updated: 30th August 2017 07:22 PM   |  A+A-

Bollywood legend Dilip Kumar (Photo | Twitter)

By PTI

NEW DELHI: The Supreme Court today asked thespian superstar Dilip Kumar to deposit Rs 20 crore with its registry as part payment to a Mumbai-based real estate firm with whom the agreement to develop his prime Pali Hill property ran into rough weather a decade ago.

The actor had entered into the agreement with Prajita Developers Pvt Ltd for developing his property, measuring 2412 square yards.

The dispute arose later as no construction was raised and the veteran actor wanted back the plot whose possession was with the firm.

A bench headed by Justice J Chelameswar asked the Bollywood actor to deposit the amount in the form of demand draft within four weeks and inform the firm.

"Upon the receipt of such intimation, Prajita shall withdraw all the security personnel deployed by it and hand over possession of the property in question within a period of seven days from the date of the receipt of the above-mentioned intimation to the appellant in the presence of Commissioner of Police, Mumbai or any other senior police officer subordinate to the Commissioner of Police, Mumbai to be nominated by the Commissioner of Police.

"The Commissioner of Police or his nominee shall draw a Panchnama of the fact of the handing over of the property by Prajita to the appellant and file the same in the Registry of this Court within a week from the date of the handing over of the possession.

"Upon the filing of the Panchnama, Prajita shall be at liberty to withdraw the amount of Rs 20 crore deposited by the appellant pursuant to this order," the bench, also comprising Justice S Abdul Nazeer, said.

To deal with further claim of the firm that the actor owed it more, the top court appointed former SC judge Justice P Venkatarama Reddy as the arbitrator to decide whether Prajita was entitled for more as damages apart from Rs 20 crore.

"The background of the facts and circumstances of the case whether Prajita would be entitled for any damages apart from receiving the above-mentioned amount of Rs 20 crore from the appellant is a matter which requires some examination. We therefore, deem it appropriate to refer the said question for resolution by arbitration between the appellant and Prajita," the bench said.

In March 2016, the apex court had granted relief to Dilip Kumar by rejecting a plea to restrain him from creating third party rights over the Pali hill property till the arbitration of the dispute with a private developer.

The apex court had, however, said that there was an impending arbitration and the arbitrators will proceed to decide the dispute as and when the arbitration proceedings take place, uninfluenced by any observation.

According to the original agreement, the owner as well as the developers had to share 50 per cent each of the residential flats to be built on the land.

The Prajita developers had thus obtained the leasehold rights in the property together with the bungalow standing thereon by virtue of lease of September 25, 1953. But the developers had failed to raise any construction.

The Bombay High Court had last year rejected the plea of the realty firm.

Stay up to date on all the latest Entertainment Hindi news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp