Shimla, Oct. 15 -- Securing another important legal success, the Mashobra Resort Limited (MRL) Company will receive a total amount of Rs 401 crore from the Wildflower Hall property, establishing the Himachal Pradesh government as the sole owner of the company, said an official release.

The High Court of Himachal Pradesh has ordered that the Himachal Pradesh government has become the sole owner of the bank balances, share holdings and 50 per cent of the advance against capital of the Joint Venture Company (JVC).

As per the High Court's decision dated October 14, the bank balances of approximately Rs 320 crore belonging to JVC will be transferred to the state government. In addition, the Court has ordered the payment of Rs 25 crore to the...