Bombay High Court Directs Kalpataru Retail Ventures to Deposit 50% of ₹63.49 Crore MSEDCL Electricity Demand
Court Order on Electricity Assessment
Kalpataru Retail Ventures, a wholly owned subsidiary of Kalpataru Limited, is facing a demand of ₹63.49 crore following a final assessment order issued by Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The order, dated July 07, 2026, was issued under Section 126 of the Electricity Act, 2003, alleging violations related to the passing of electricity to retailers within mall premises.
The High Court passed an order on July 9, 2026, in Writ Petition No. 8455 of 2026, directing KRVL to deposit 50% of the assessed amount with the Court Registry within three weeks from the date of the order. The immediate financial impact involves the deposit of approximately ₹31.75 crore, representing 50% of the total demand, as directed by the court.
Legal History and Company Position
The dispute stems from a provisional assessment order previously challenged by Kalpataru Retail Ventures (KRVL) through a Writ Petition filed before the Hon'ble High Court of Judicature at Bombay. While the petition was pending, MSEDCL proceeded to issue the final assessment order.
KRVL has stated that it believes the demand is without legal basis and is liable to be set aside or quashed. The subsidiary is pursuing appropriate legal proceedings before competent forums based on advice received.
About Kalpataru Limited
Kalpataru Limited is an integrated real estate development company with over 113 completed projects across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Specializing in luxury, premium, and mid-income residential, commercial, and retail developments, the company manages all aspects of real estate development, from land acquisition to design, construction, and sales. Led by Mr. Mofatraj P. Munot, with over five decades of experience, and Mr. Parag M. Munot, with three decades, Kalpataru is known for delivering high-quality projects, with a strong presence across all micro-markets in the Mumbai Metropolitan Region (MMR) and Pune.