Court asks Dilip Kumar to deposit 20 crore over property dispute

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Recent news has it that veteran actor Dilip Kumar has been asked by the Supreme Court to pay Rs 20 Crore as a part of a property dispute with Mumbai-based real estate firm Prajita Developers Pvt Ltd, after they failed to start construction on the property that he had handed over to them.

As Hindustan Times reports, Kumar had made an agreement with the company to develop his property, where they took possession of it. But due to the the lack of work, Kumar had demanded it back however due to their agreement, it has now come at a price.

During the court trial Justice J Chelameswar lead a bench was reported stating, “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.”

She went on to add, “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.”

Also on the bench was Justice S Abdul Nazeer, who was reported stating, “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 company had also stated how the actor owed more than the asked price, however due to lack of evidence, this was not agreed. SC judge Justice P Venkatarama Reddy was reported explaining, “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.”

Stay with BizAsiaLive.com for further updates

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