Mumbai Court Orders Builder And 2 Firms To Pay ₹4.10 Crore To 7 Members Of Bhatia Family
Mumbai, October 30, 2026: The Bombay City Civil Court, Mazgaon, has directed builder Sanjay Bhalerao and three others to pay Rs 4.10 crore to seven members of the Bhatia family after they failed to repay money invested in two real estate projects. The city civil judge was hearing a suit filed by family members of two brothers, Naresh Bhatia and Manish Bhatia, through their lawyer, Rajesh Vanzara,…
On October 30, 2026, the Bombay City Civil Court in Mazgaon issued a ruling, ordering builder Sanjay Bhalerao and two related firms to remit Rs 4.10 crore to seven members of the Bhatia family. The court's decision came after the plaintiffs, led by their lawyer Rajesh Vanzara, filed a suit against Bhalerao and S.D. Bhalerao Associates as well as Aditya Enterprises Project Vartak Nagar Builders & Developers.
The suit pertained to the defendants' refusal to repay money invested in two real estate projects, Vartak Nagar Deepmala and Preeti Park.
According to the plaintiffs, they met Bhalerao in 2011, who promised a 12% annual interest rate on their lifetime savings. The defendants allegedly neglected to construct the projects or return the investors' money. The court observed that Bhalerao later agreed to refund Rs 72 lakh against the initial Rs 60 lakh investment. However, repayment cheques for Rs 4.10 crore bounced.
In response, the Bhatia family served a notice for bounced cheques and initiated legal action in June 2021 to recover the invested amount. On July 13, 2026, the court ordered the defendants to deposit Rs 2.05 crore within two months. Failure to comply prompted the court to permit the Bhatia family's suit against Bhalerao and the two firms.
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