The Delhi High Court has allowed Meenakshi Varma, wife Ardee Group’s late chairman and managing director Ashok Varma, to lease vacant space in Ardee Mall in Gurgaon while appointing retired district judge Rakesh Kapoor as court observer to supervise the leasing of the space in the mall which has been gathering dust for years now owing to a property dispute.
Justice Yogesh Khanna allowed Meenakshi Varma, who along with one of her daughters, is embroiled in property dispute with her daughter Shefali Varma, to lease out the space after the court was informed that any process to stall leasing would cause further losses to the family.
Meanwhile, Meenakshi Varma filed an affidavit in the court stating that they need to lease 2.71 lakh sqft area, and out of which for 1.55 lakh sqft, they intend to execute the LOIs and in 55 cases they have already executed the LOIs.
The court noted that it has from time to time been giving permission to the defendants to sell/lease the property so as to avoid financial losses or to save the property from deterioration by keeping it vacant.
It also allowed Shefali Verma, the petitioner, to inspect the mall once a month to suggest improvements.
The fee of local commissioner is fixed at Rs 1,25,000 per month plus expenses on actual basis payable by the defendant company.
The court further ordered, “…whatever has been done is not against the interest of the family but rather is to save it from losses. Hence with consent of all the family members and to save the goodwill and loss to the defendant companies and as the parties have no faith upon each other so as an interim measure, Sh Rakesh Kapoor (retd District Judge-Delhi) is hereby appointed as a Court Observer to do the following:
Read the Judgment Here