Shopper's Stop Limited - Securities and Exchange Board of India

City Civil Court, Bangalore
MA 170 & 171/99-00
K. RAHEJA DEVELOPMENT CORPORATION vs. Bangalore Mahanagara Palike
The property tax was revised in September with retrospective effect in 1998 i.e. with effect
from 1.4.1995. Hence, the same was challenged by way of Misc. appeals before the City
Civil Court, Bangalore. As per the direction of the court Rs.15,11,125.50 has been paid
in respect of Plot No. 27/39, 27/40 and 27/41 and Rs. 8,96,793.50 has been paid in
respect of Plot No.26 both aggregating to Rs. 2407919/- as against the total demand of
Rs. 31,78,334/- approximately for all these plots.
The above said appeals have been dismissed in the absence of K. Raheja Development
Corporation advocate on 21.02.2004. However, Misc. applications 260 & 261/2004 for
restoration have been filed on 25.03.2004 by the K. Raheja Development Corporation
Advocate. The Court has ordered on 29.03.2004 notices to the other side. Notices have
been served on all the Respondents.
The cases are posted on 18.8.2004 for objections.
Original Suit No.699/02
City Civil Court, Bangalore.
K. RAHEJA HOTELS & ESTATES PVT. LTD. Vs. Shangrila Resorts, Bangalore
M/s.Shangri – La Resorts Ltd., is now known as Bali Ha’i Resorts Pvt. Ltd., entered into an
Agreement dated 13.02.1995 with K. Raheja Hotels & Estates Pvt. Ltd. agreeing to repay
the sum of Rs.50 lakhs together with interest. The said company also created an
equitable mortgage of the converted lands comprised in Sy.Nos. 28 & 87 in Doddasanne
and Arishinakunte Villages, Devenahali Taluk. In year 2002 it came to light that the said
lands were acquired for the International Airport and compensations have been awarded
to the company. Since the company did not pay as agreed, the suit has been filed for a
judgement and decree as below:
Ordering and directing the Defendant to pay Plaintiff a sum of Rs.1,84,71,406/- with
further interest, and Directing the Defendant to pay the Plaintiff the cost of the suit
Ordering payment of compensation payable to the suit schedule property to the Plaintiff
directly. The Defendants appeared through their Counsel and filed objections. In the suit
on 28.6.2002 the Court was pleased to order the attachment of the compensation payable
to Bali Ha’i Resorts Pvt. Ltd.
The case is posted for hearing interim matters on 14.9.2004.
Land Acquisition Case.
Case No.213/2002
The City Civil Court, Bangalore
K. RAHEJA HOTELS & ESTATES PVT. LTD. Vs. Bali Hai Resorts, Bangalore
In the Land Acquisition Cases K. Raheja Hotels & Estates Pvt. Ltd. filed its claim petition
to register its claim against the compensation payable in respect of the suit properties in
O.S No.699/2002 i.e. mortgaged properties. Notice has been received by the company
from the court to file objections.
K. Raheja Hotels & Estates Pvt. Ltd. counsel will prepare necessary objections after
verifying the court records shortly. (whether to mention)
The case is posted to for hearing on the 15.10.2004 awaiting notice to respondent no. 4.
Land .Acquisition.Case.
Case No.214/2002
City Civil Court, Bangalore
K. RAHEJA HOTELS & ESTATES PVT. LTD. Vs. Bali Hai Resorts, Bangalore
In the Land Acquisition Cases K. Raheja Hotels & Estates Pvt. Ltd. filed its claim petition
to register its claim against the compensation payable in respect of the suit properties in
O.S. No.699/2002 i.e. mortgaged properties. Notice has been received by the company
from the court to file objections.
K. Raheja Hotels & Estates Pvt. ltd. counsel will prepare necessary objections after
verifying the court records shortly.
Currently the case is posted for hearing on the 15.10.2004.
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