Deposit Rs 20 Cr To Settle Property Dispute: Sc To Dilip Kumar

The Supreme Court has asked Dilip Kumar to deposit Rs 20 crore with its registry as part payment to a Mumbai-based real estate firm with whom the agreement to develop his prime Pali Hill property ran into rough weather a decade ago. Justice J Chelameswar has asked the actor to deposit the amount within four weeks. In March 2016, the apex court had granted relief to Dilip Kumar by rejecting a plea to restrain him from creating third party rights over the Pali hill property till the arbitration of the dispute with a private developer.According to the original agreement, the owner as well as the developers had to share 50 per cent each of the residential flats to be built on the land.The Prajita developers had thus obtained the leasehold rights in the property together with the bungalow standing thereon by virtue of lease of September 25, 1953. But the developers had failed to raise any construction.