The case is related to the sale consideration of 26 acres and 19 guntas of land which was owned by Unitech Limited in favour of M/s Devas Global Services LLP. Unitech argued that it was the absolute owner of the land and was entitled to the entire consideration of ₹172.08 crore.
Out of the total consideration, the company had received only ₹87.35 crore, and the balance amount was ordered to be paid to Naresh Kempanna and Col. Mohinder Khaira, who had no title or ownership rights in the land in question.
Source: Barandbench
