Bombay HC asks BJP MLA’s firm to pay Rs 202 crore

BJP MLA Mangal Prabhat Lodha is the founder of the firm.

The firm challenged the government’s order before the high court, which directed it to pay the principal within 60 days. Government counsel Poornima Kantharia said the order established that the stamp duty was chargeable.

But the court gave partial relief to the firm by staying recovery of the penalty. The firm said in a statement, “The high court has immediately stayed the levy of penalty and interest. It has also asked us to file an appeal against the order before the competent authority along with deposit of the principal amount in 60 days. We are pleased that our stand has been vindicated.”