News Desk, Amar Ujala, New Delhi
Updated Sat, 28 Dec 2019 05:14 AM IST
The ancestral house in Delhi's posh Civil Lines of world famous writer Salman Rushdie has cost 130 crores. In fact, Rushdie's father Anees Ahmad Rushdie had signed an agreement to sell the house to Congress leader Bhikuram Jain in 1970, but the deal could not be settled due to a dispute between the two sides.
The ancestral property dispute finally reached the Supreme Court. , Which ruled in favor of former Congress leader Bhikuram Jain on December 3, 2012. The Supreme Court had directed that the house should be handed over to Jain according to the market value till the day of the Rushdie order. The apex court, however, entrusted the Delhi High Court with the responsibility of fixing the price of the house from the market price.
Now the High Court has set its price at Rs 130 crore as of 2012. Justice Rajeev Sahi Andlaw also said that if Jain is unable to buy that property at that price, then Rushdie will have to sell the house for another Rs 130 crore to another buyer within six months.
The High Court held that if Rushdie is unable to sell the house within the stipulated time for 130 crores, then in 60 days Jain will be entitled to buy the property for 75 crores, which is December 4, 2012. Is the circle rate of. He also said that if Jain does not buy that property for 75 crores, then Rushdie will get relief from the agreement on the property which was signed between the two in 1970.
Actually Anees Ahmad Rushdie had given Bhikuram Jain an agreement to save this house for 3.75 lakhs. Jain gave an advance of Rs 50,000 to Rushdie and assured that the balance will be repaid after getting the tax certificate from the Income Tax authorities.
50 years case hanging
Later the two families filed a lawsuit accusing each other of not respecting the terms of the agreement. Jain filed a case in 1977 demanding the trial court to direct Rushdie to implement the 1970 agreement. In 1983, the trial court, while ruling in favor of Jain, directed Rushdie to hand over the property to Jain after paying the remaining Rs 3.25 lakh.
Rushdie's decision to appeal against the verdict filed in the High Court in 2011 came. After that Jain approached the Supreme Court. The apex court said that the High Court erred in ruling in favor of Rushdie and dismissed that order.
The ancestral house in Delhi's posh Civil Lines of world famous writer Salman Rushdie has cost 130 crores. In fact, Rushdie's father Anees Ahmad Rushdie had signed an agreement to sell the house to Congress leader Bhikuram Jain in 1970, but the deal could not be reached due to a dispute between the two sides.
This paternal property dispute finally reached the Supreme Court, which ruled in favor of Bhikuram Jain, a former Congress leader, on 3 December 2012. The Supreme Court had directed that the house should be handed over to Jain according to the market value till the day of the Rushdie order. The apex court, however, entrusted the Delhi High Court with the responsibility of fixing the price of the house from the market price.
Now the High Court has fixed its price at Rs 130 crore as of 2012. Justice Rajeev Sahi Andlaw also said that if Jain is unable to buy that property at that price, then Rushdie will have to sell the house for another Rs 130 crore to another buyer within six months.
The High Court held that if Rushdie is unable to sell the house within the stipulated time for 130 crores, then in 60 days Jain will be entitled to buy the property for 75 crores, which is December 4, 2012. Is the circle rate of. He also said that if Jain does not buy that property for 75 crores, then Rushdie will get relief from the agreement on the property which was signed between the two in 1970.
Actually Anees Ahmad Rushdie had given Bhikuram Jain an agreement to save this house for 3.75 lakhs. Jain gave an advance of Rs 50,000 to Rushdie and assured that the balance will be repaid after getting the tax certificate from the Income Tax authorities.
50 years case hanging
Later the two families filed a lawsuit accusing each other of not respecting the terms of the agreement. Jain filed a case in 1977 demanding the trial court to direct Rushdie to implement the 1970 agreement. In 1983, the trial court, while ruling in favor of Jain, directed Rushdie to hand over the property to Jain after paying the remaining Rs 3.25 lakh.
Rushdie's decision to appeal against the verdict filed in the High Court in 2011 came. After that Jain approached the Supreme Court. The apex court said that the High Court erred in ruling in favor of Rushdie and dismissed that order.
The post Salman Rushdie House Dispute Sold For 3.75 Lakhs In 1970, Now Worth 130 Crores – Disputed Salman Rushdie's House: Sold for 3.75 Lakhs in 1970, Now Price 130 Crores appeared first on Khabar Bollywood.
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