Court orders release of Hyatt Regency title deeds in AHNL favour, Rs 159.66 cr deposit required
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Delhi High Court ruled in favour of AHNL in dispute with Exclusive Capital, directing DBS Bank to release original title deeds of Hyatt Regency Bhikaji Cama Place to AHNL. Court found AHNL established strong prima facie case. AHNL must deposit Rs 159.66 crore with court registry within 4 weeks, kept in interest-bearing FD subject to suit outcome. No violation found against company. Findings are interim in nature and not final.
Positive interim ruling for AHNL, but firm must park Rs 159.66 crore in court FD for 4 weeks, locking working capital until final hearing.