Lodha Developers Ltd has been directed by the Supreme Court to deposit Rs 520.80 crore as a security measure linked to ongoing legal proceedings involving its recent acquisition of V Hotels Ltd (VHL) through insolvency. The case stems from allegations tied to transactions routed via VHL prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), initiated by the Enforcement Directorate against VHL’s former promoters. Lodha has expressed confidence that the Supreme Court will expedite hearings and release the deposit soon.