HLV resolves long-standing land dispute, avoids further payments

HLV Limited has successfully resolved its long-standing litigation with PBSAMP Projects Pvt. Ltd. concerning a 2014 land sale agreement. The dispute arose from a terminated Memorandum of Understanding (MOU) for the sale of 3 acres and 28 guntas in Hyderabad for a total consideration of INR 85 crores, where PBSAMP had advanced INR 15.5 crores. PBSAMP initiated arbitration after the MOU’s termination, securing an arbitral award for INR 35 crores, including interest, in September 2019. HLV's subsequent appeal against this award was dismissed.

Following this, PBSAMP filed an Execution Petition. HLV paid INR 44,42,05,254, which the Executing Court deemed full satisfaction, rejecting compound interest claims. PBSAMP then challenged this decision in the Telangana High Court, which set aside the execution order and remanded the matter.

However, the Supreme Court, through a judgment and order on September 24, 2025, set aside the Telangana High Court's impugned order and confirmed the Executing Court's initial ruling. This final decision means HLV Limited is not liable for any further payments to PBSAMP Projects Pvt. Ltd.