SUN-AREA Property Partners files special leave petition against Rustomjee at Supreme Court
SUN-AREA Property Partners (formerly SUN-Apollo) has filed a special leave petition against Mumbai-based property developer Rustomjee at the Supreme Court. The apex court in a order passed on November 8, has given two weeks to Rustomjee to file its response and subsequent two weeks to the petitioner, SUN-AREA, to file its rejoinder, thus listing the case for hearing after four weeks.
In a transaction gone sour, SUN-AREA had invested Rs 234.9 crore (out of the proposed sum of approximately Rs 300 crore) in Rustomjee Group’s holding company Keystone Realtors over three years ago.
Earlier this year, the real estate-focused fund’s...
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