PVR INOX wins ₹1.22 crore arbitration award against Gurugram mall developer over aborted lease
PVR INOX secured an arbitration ruling against developer Victory Infraedge for a scrapped multiplex lease at a Gurugram mall. The ₹1,22,99,959 award covers a refunded ₹68.25 lakh security deposit, ₹54.74 lakh in interest at 12% p.a., and ₹5 lakh in costs.
PVR INOX won an arbitration against developer Victory Infraedge over an aborted multiplex lease at a Gurugram mall, securing a ₹1.22 crore award including refunded ₹68.25 lakh security deposit plus 12% interest and costs.