Chalet Hotels: SC Sets Aside Bombay HC Order on Navi Mumbai Land

The Supreme Court of India has set aside the Bombay High Court's order regarding the restoration of land allotted by CIDCO to K. Raheja Corp Private Limited (KRCPL) for Chalet Hotels' Four Points by Sheraton Navi Mumbai, Vashi. The Supreme Court upheld a mechanism for regularization of the allotment, subject to payment of amounts determined by the SC. This resolves a litigation involving two Public Interest Litigations challenging the land allotment. The company is evaluating the detailed judgment and will provide further disclosures if required.