Subsidiary Airplaza Retail ordered to pay ~₹72 lakh in rent recovery suit

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AI summary

Vishal Mega Mart's subsidiary Airplaza Retail Holdings has been ordered by a Delhi commercial court to pay ₹72,12,014 plus 18% annual interest from August 1, 2023 in a rent recovery suit filed by Saroj Gupta. The plaintiff originally sought ₹1.15 crore in arrears of rent, GST and interest under a lease deed; the court adjusted security deposits and other payments before passing the decree. The order, received on April 13, 2026, is appealable and the subsidiary is evaluating next steps. Company says no material impact on operations.

Likely market impact

Financial impact limited to ~₹72 lakh plus 18% interest; deemed not material to operations. Subsidiary may appeal the order.