Mahindra Lifespace Amicably Settles ₹32.96 Crore Arbitration Claim with Parekh & Brothers

Dispute Resolution: Mahindra Lifespace and Parekh & Brothers Arbitration Settled

Mahindra Lifespace Developers resolved a ₹32.96 crore arbitration claim filed by Parekh & Brothers, with the final award passed on July 27, 2026. The dispute began with a Statement of Claim received by the company in November 2025.

Nature of the Dispute

The settlement concluded proceedings before a Sole Arbitrator where the claimant sought compensation for sold and unsold flats. Parekh & Brothers initially claimed ₹32.96 crore, with ₹22.22 crore (approximately 67% of the total claim) attributed specifically to delay compensation for flats.

Settlement Terms

The final resolution involved mutually agreed obligations between the parties rather than a direct cash payout of the claimed amount. Mahindra Lifespace stated that the settlement has no material impact on its financial position.

Regulatory Disclosure

The company disclosed the resolution under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.