IVP Ltd Ordered to Pay ₹136.8 Cr by Mumbai Port Trust

IVP Ltd has received an order from the Estate Officer, Mumbai Port Trust (MBPT) directing payment of compensation and damages. The order pertains to a property leased from MBPT, where IVP Ltd has disputed rent demands since 2006, citing inconsistency with a Supreme Court order. The company has been making payments as per the Supreme Court order and has pending litigation in the Bombay High Court. The MBPT order directs payment of ₹56.84 crore as compensation and ₹79.97 crore as damages, totaling ₹136.81 crore. IVP Ltd intends to challenge this order through statutory appeals and writ petitions.