Bombay HC allows refund of over ₹70 lakh stamp duty to developer after cancellation of Pune deal
The Bombay High Court ordered the Maharashtra government to refund ₹70.12 lakh in stamp duty to a developer after a Development Agreement for a Pune project was cancelled. The court ruled that under the Maharashtra Stamp Act, a failed development transaction qualifies for a refund. The developer's application, initially rejected due to a missed deadline, was ultimately upheld by the court.