 "HDIL rises 9.9% on interim relief from Bombay HC")
Stock of Mumbai-based HDIL roe 9.9% in the afternoon tarade after reports that Bombay High Court today gave interim relief to Mumbai based realty developer HDIL in case involving the company, Mumbai International Airport (MIAL) and Slum redevelopment authority (SRA).
The High Court has barred SRA from initiating proceedings for repossession of tenements built by HDIL under slum rehabilitation project of MIAL, television reports said.
In May this year, HDIL said the MIAL terminated the contract with it for the slum rehabilitation project and HDIL had moved court against MIAL, SRA and MMRDA.
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The case is expected to be heard on July 10, reports said.
HDIL stock was trading at Rs 41 per share at 1.55 pm on the BSE.