Valor Estate Limited has informed the Exchange under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 about Action(s) initiated or orders passed by Bombay High Court in favour of the Company
DBREALTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Bombay High Court dismissed First Appeal No. 1430 of 2019 filed by the Union of India (Salt Department) on 30 April 2026, upholding the title of Miraland Developers Pvt. Ltd. (a wholly owned subsidiary) over approximately 205 acres of land at Village Bhayandar, Mira Bhayandar Municipal Corporation, Thane. The dispute, spanning over four decades, began when the Salt Department challenged the land title and pursued the matter through various authorities before filing Special Civil Suit No. 771 of 2011. That suit was dismissed in favor of Miraland by the Civil Judge (Senior Division), Thane in April 2018. The company is awaiting the certified copy of the High Court order. This effectively concludes the legal battle over the land parcel.
The company wins a major 40-year-old land title dispute, which strengthens its land bank position. This could be positive for shareholders as it removes legal uncertainty around a significant real estate asset.