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Lancor Holdings to Gain Possession of Chennai Commercial Property by Feb 15, 2026
Lancor Holdings Limited has successfully secured a favorable order from the Hon’ble High Court of Delhi regarding a commercial property in T Nagar, Chennai. The property, located at VTN Square, was previously purchased via e-auction but was subject to a stay and held by an Official Liquidator. The court has now directed the release of the property, with vacant possession expected to be handed over to the company by February 15, 2026. This resolution is expected to improve operational efficiency and reduce ongoing litigation expenses.
Key Highlights
Delhi High Court orders release of 1st-floor commercial property at VTN Square, Chennai.
Vacant possession to be handed over to Lancor Holdings by February 15, 2026.
Property was originally purchased through an e-auction via Bank of India, Asset Recovery Branch.
The acquisition will augment workspace for staff and management, aiming to increase work efficiency.
The resolution of this matter is expected to lead to a reduction in company litigation costs.
💼 Action for Investors
This is a positive development as it resolves a legal dispute and adds functional real estate to the company's operations. Investors should monitor the timely handover and the subsequent impact on operational overheads.