Gold Finger Realty Investors Pvt. Ltd. v. Maharashtra Housing and Area Development Authority
Case brief
What is this about?
Contempt petition for non-payment of Rs. 26 crores plus 9% per annum interest (from January 1, 2018) due from MHADA to Gold Finger Realty Investors Pvt Ltd under Consent Terms dated May 8, 2025 approved by the Bombay High Court as an undertaking; last-chance commitment to pay all amounts by January 22, 2026, mirroring the identically placed Suit No. 104 of 2022 (MHADA v. Bhoomi Shashwat Estate Private Limited, order dated December 17, 2025); on default, registry notices to MHADA office bearers and possible notices to State Government officials; Respondent Nos. 2 and 3 (Sanjeev Jaiswal, Milind Borikar) to be present on January 23, 2026 if default persists; compliance reporting on January 23, 2026; Judge Somasekhar Sundaresan. Keywords: contempt petition, undertaking, consent terms, MHADA, Gold Finger Realty, non-compliance, Rs. 26 crores, 9% interest.
What did the court decide?
No adjudication of contempt; the Court accepted, purely as a last chance, the commitment to pay Rs. 26 crores with interest at 9% (computed from January 1, 2018) by January 22, 2026 as an undertaking to the Court, stood the matter over to January 23, 2026 to report compliance, and directed that default would trigger registry notices to MHADA's office bearers (with possible notices to State Government officials) and the expected presence of Respondent Nos. 2 and 3 in Court on January 23, 2026.