Lemon Tree Hotels Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lemon Tree Hotels' subsidiary, Hyacinth Hotels Private Limited, had filed an appeal before the Delhi High Court against a property tax assessment order from the Municipal Corporation of Delhi (MCD). Instead of continuing the appeal, Hyacinth opted for MCD's SUNIYO Scheme (a property tax settlement/regularisation scheme) and deposited the required property tax amount. Following this, Hyacinth sought permission to withdraw the appeal, and the Delhi High Court, by an order dated February 18, 2026, has permitted the withdrawal. This brings closure to the property tax dispute through the MCD's settlement route rather than a court ruling.
Neutral-to-mildly positive for shareholders — the property tax litigation has been resolved through the MCD's settlement scheme, avoiding an adverse court ruling and providing certainty over the tax liability for the subsidiary.