Wednesday 27 May 2015

DLF to pay Rs. 80 crore to law Firm

Report says that the tribunal's bench, directed company to pay a compensation of Rs 50 crore and also refund Rs 26.53 crore already paid to it by IP Support Services (India) Pvt Ltd. 

DLF1
DLF Ltd has been directed to pay Rs 80 crore to a private company for rescinding from an agreement for construction and sale of a tower in Gurgaon, according to report.

Report says that the tribunal's bench, directed company to pay a compensation of Rs 50 crore and also refund Rs 26.53 crore already paid to it by IP Support Services (India) Pvt Ltd.

According to the complainant law firm, it had entered into an agreement with DLF in 2010, for the construction and sale of a standalone Tower in Phase V in Gurgaon.

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