Supreme Court · 2024 INSC 273 · Decided 5 April 2024

M/S. Jaiprakash Industries LTD. (Presently Known As M/S. Jaiprakash Associates LTD.) v. Delhi Development Authority

Court
Supreme Court of India
Citation
2024 INSC 273 · [2024] 4 S.C.R. 427
Case number
CIVIL APPEAL No. 8336/2009
Decided
5 April 2024
Bench
ABHAY S. OKA, PANKAJ MITHAL (2-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Transfer of Property Act Section 5

Headnote

High Court had sanctioned the scheme for amalgamation of M/s. Jaiprakash Associates Pvt Ltd and M/s. Jaypee Rewa Cement, directing that the properties in the Schedule thereto which included four plots Jaiprakash Associates Pvt Ltd shall stand vested in M/s. Jaypee Rewa Cement-transferee (now known as the appellant). Whether amalgamation amounted to transferring the plots. Respondent- DDA's demand for an unearned increase in the value (i.e. difference between the premium paid and the

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