HDIL, Mumbai based realty developer has reportedly received interim relief from Bombay High Court in slum rehab case involving the company, Mumbai International Airport (MIAL) and Slum redevelopment authority (SRA). The High Court has barred SRA from initiating proceedings for repossession of tenements built by HDIL under slum rehabilitation project of MIAL.
Earlier in May this year, the MIAL terminated the contract with the company for the slum rehabilitation project and HDIL had moved court against MIAL, SRA and MMRDA. The case is expected to be heard on July 10.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).
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