Brief: India's Mafatlal Industries Updates On Litigation In Matter Of Land At Mazagaon

Mafatlal Industries

14/09/2018 15:29

Sept 14 (Reuters) - Mafatlal Industries Ltd  MFTI.BO :
    * UPDATES ON LITIGATION IN MATTER OF LAND AT MAZAGAON
    * SAYS BOMBAY HIGH COURT HAS PASSED AN ORDER PARTIALLY
ALLOWING
THE WRIT PETITION OF CO
    * DEMAND NOTICE OF 4.54 BILLION RUPEES HAS BEEN SET ASIDE
    * SAYS CLAIM OF CO FOR NON-CASH COMPENSATION IN LIEU OF
SURRENDER
OF RESERVED LAND HAS BEEN REJECTED
    * CO IS IN PROCESS OF CHALLENGING THE ORDER
    * CO HAS HANDED OVER RESERVED LAND TO MUNICIPAL CORPORATION
OF
GREATER MUMBAI

Source: https://reut.rs/2NJOoC8
Further company coverage:  MFTI.BO 

 ((Reuters.Briefs@thomsonreuters.com;))