Court Decree Issued to Subsidiary of Vishal Mega Mart Limited Over Lease Arrears
Vishal Mega Mart Limited reported that its subsidiary, Airplaza Retail Holdings Private Limited, received a court order from the Commercial Court in New Delhi concerning the recovery of lease arrears.The details of the court action were provided by the company, reporting a judgment from the Court of Shri Gautam Manan, District Judge (Commercial Court)-03, South-West District, Dwarka Courts, New Delhi. The decree was received by the company on April 13, 2026.
The legal action originated when Plaintiff Saroj Gupta filed a suit against Airplaza Retail Holdings Private Limited, seeking recovery of ₹1,15,75,629/- towards arrears of rent, GST, and interest under a lease deed.
The Hon'ble Court decreed the suit for a total sum of ₹ 72,12,014/-. The judgment mandates this amount along with interest at a rate of 18% per annum, effective from August 01, 2023, until realization, in addition to the costs of the suit.
The financial ramifications and details of the decree are summarized below:
| Detail | Information |
|---|---|
| Authority Issuing Order | Court of Shri Gautam Manan, District Judge (Commercial Court)-03, South-West District, Dwarka Courts, New Delhi |
| Original Suit Claim | ₹1,15,75,629/- (Arrears of rent, GST, and interest) |
| Decreed Amount | ₹ 72,12,014/- |
| Interest Rate and Period | 18% per annum from August 01, 2023 till realization |
| Date of Decree Receipt | April 13, 2026 |
Regarding the impact on the company, Vishal Mega Mart Limited stated that the financial impact is confined to the decreed amount. The company added that there is no material impact on the operations or other activities of the parent company due to this order. The subsidiary is currently reviewing the order and evaluating its next steps.
VMM Stock Price Movement
Shares of Vishal Mega Mart Limited edged higher on Monday, closing at ₹114.54, reflecting a 0.08% gain. The stock saw robust activity, with 10.66 million shares transacted and adding support to the positive momentum.Source:
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