Macrotech Developers, one of India's largest real estate firms, has moved the High Court to seek an injunction against Abhinandan Lodha for allegedly creating confusion over the management of the company. The petition, accessed by Moneycontrol on January
MacrotechAbhinandan LodhaHigh CourtReal EstateLegal PetitionReal Estate PuneJan 23, 2025
The main reason for Macrotech's court petition is to prevent Abhinandan Lodha from creating confusion over the management of the company and from selling company assets without the board's consent.
Abhinandan Lodha is a key member of the Lodha family, which owns and manages Macrotech Developers, one of India's largest real estate firms.
The High Court has ordered Abhinandan Lodha to refrain from taking any actions that could harm the company's interests and to appear before the court on the next hearing date.
Macrotech Developers is known for its premium residential and commercial projects across major cities in India, particularly in Mumbai, Delhi-NCR, and other key markets.
The legal battle could cast a shadow over Macrotech Developers' reputation and operations, and the outcome of the court proceedings will be crucial in determining the company's future direction.
Amitabh Bachchan and son Abhishek Bachchan have invested in multiple apartments in Borivali, Mumbai, highlighting a growing trend among celebrities buying properties in the city's suburbs.
Meet Vikas Oberoi, the real estate mogul behind Oberoi Realty, and husband of Swades actress Gayatri Joshi, who is building Mumbai's first Ritz-Carlton hotel and residences.
Commerce and Industry Minister Piyush Goyal has urged CREDAI members to ensure 7 crore people employed in the real estate sector get a guaranteed ESIC and provident fund registration.
Pune, Maharashtra, India - Balewadi's real estate market is booming with Kunal Group's Canary Residency setting new sales records.
BHR Properties is transforming the real estate industry with its cutting-edge AI-powered platforms, streamlining property listing, management, and market trend analysis.
Bengaluru, India: Puravankara Limited, a leading player in the Indian real estate sector, has announced a robust performance in the first half of the financial year 2024-25, with pre-sales reaching Rs 2459 crores and collections up by 27%.