Tag: Sterling Wilson

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Embassy Group Slams REIT Petition; Bombay HC Gives Sebi 6 Weeks

MUMBAI: Embassy Group, a leading real estate company, has characterized a recent writ petition questioning the “fit and proper” status of certain entities and promoters linked to Embassy Office Parks REIT as a “recycled claim.” This allegation is reportedly part of a persistent campaign orchestrated by Sterling & Wilson. The Bombay High Court has allowed the Securities and Exchange Board of India (SEBI) six weeks to review the representations made by the petitioner. In a statement following the hearing, Embassy Group claimed the petition filed by Chayan Upadhyay is part of a “continuing, orchestrated campaign” targeting the group and its…

IndustryLatest Stories

Embassy REIT Denies Sterling Wilson’s ₹100-Crore Claim

Embassy Office Parks REIT has dismissed claims from Sterling Wilson Renewable Energy and Sterling Wilson Pvt Ltd regarding a supposed Rs 100-crore payment owed by Embassy Energy Pvt Ltd (EEPL), a subsidiary of the REIT. In a regulatory filing on Tuesday, the REIT described the allegations as “frivolous, false and vexatious,” noting that several judicial forums have already ruled against them. Embassy REIT stated that the dispute originates from 2018, prior to its public offering and before EEPL became part of the trust. Sterling Wilson alleges that EEPL has not fulfilled its payment obligations. However, both the National Company Law…