In reference to the Writ petition 17113/2004 Hon''ble High Court of Delhi Vide order dated 12.09.2025 disposed of the said writ petition in which Company challenges the notification issued ....
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On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 3.8 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CHL Ltd informed the stock exchange that the Delhi High Court has dismissed its writ petition (No. 17113/2004) by passing an order against the company on 12 September 2025. The petition challenged a notification under the Delhi Municipal Corporation Act, 1957, which imposed differential property tax on hotels by the Municipal Corporation of Delhi (MCD). The company is now assessing the financial impact of this ruling. The matter dates back to 2004, making it a long-pending dispute. No promoter or related party has any interest in the matter.
Negative outcome for shareholders — the company has lost its legal challenge against the differential property tax, which could result in additional tax liability. However, the exact financial impact is still being assessed, so the magnitude is not yet clear.