Case Details

  • Case Name: Special Leave Petition (C) No. 4304/2020
  • Petitioners: Eden Realty Ventures Pvt. Ltd
  • Respondents: Life Insurance Corporation of India & Anr
  • Court: Supreme Court of India
  • Hearing Date: 26‑05‑2026
  • Related prior orders: High Court order dated 02‑01‑2020 (C.O. No. 3751/2017); Appellate Authority order under Order 9 of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971; Calcutta High Court order dated 17‑03‑2016 (C.O. No. 893 of 2016)

Parties Involved

  • Petitioners: Eden Realty Ventures Pvt. Ltd (represented by Senior Counsel Amar Dave, Adv. Pankaj Jain, Adv. Ashok Kumar Jain, Adv. Meenakshi Jain, Adv. Bijoy Kumar Jain)
  • Respondents: Life Insurance Corporation of India (represented by Senior Counsel C. Paramasivam, Adv. Rakesh K. Sharma)
  • Intervenor: Future Retail Limited (no appearance)
  • Court Master: Akshay Kumar Bhoria
  • Additional Advocate on Record: S. S. Shroff

Issues / Allegations / Violations

  • Petition challenged the High Court’s dismissal of Eden Realty’s application under Article 227 of the Constitution.
  • Underlying dispute concerned eviction order passed by the Estate Officer under Order 9 of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971, affirmed by the Appellate Authority.
  • Claimant sought possession of the property; possession was handed over to petitioner in July 2022.

Findings & Observations

  • The parties amicably settled the matter during pendency of the Special Leave Petition.
  • A deed of settlement was executed and annexed to IA No. 131814 of 2026.
  • LIC has executed a fresh lease deed in favour of the petitioner.
  • The amount of Rs 10 crore, along with accrued interest, is lying deposited with the Registrar of the learned City Civil Court, Calcutta, pursuant to the order dated 17‑03‑2016.

Penalties / Settlements / Directions

  • LIC is entitled to withdraw the sum of Rs 10 crore plus accrued interest.
  • The Court directed LIC to withdraw the amount at the earliest, preferably within one month.
  • The terms of the settlement are recorded as part of this order.

Corrective Actions & Future Obligations

  • Both parties to jointly confirm that all agreed settlement terms have been acted upon.
  • LIC to effect the withdrawal of the specified sum within the stipulated time frame.

Final Ruling & Enforcement

  • IA No. 131814 of 2026 is allowed; settlement terms are incorporated into the order.
  • The Special Leave Petition is disposed of in accordance with the settlement.
  • Any pending applications, if any, stand disposed of.