The Lodha Group is a real estate developer based in Mumbai, India, involved in several controversies and legal disputes.
In 2018, the Securities and Exchange Board of India (SEBI) imposed a fine of Rs 2 crore on the Lodha Group for violating disclosure norms.
The company was found to have suppressed material information and made misleading statements in its IPO prospectus filed in 2009.
In 2020, the Lodha Group was also involved in a legal dispute with the Brihanmumbai Municipal Corporation (BMC) over the alleged illegal cutting of trees in Aarey Colony in Mumbai for its residential project.
The Bombay High Court had directed the company to deposit Rs 2 crore as interim compensation for the damage caused to the environment.
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