Shimla, Oct. 16 -- The Mashobra Resort Limited (MRL) will receive Rs 401 crore from the Wildflower Hall property, making the state government the sole owner of the company.
The High Court of Himachal Pradesh, in its judgment dated October 14, 2025, ruled that the state has become the sole owner of the bank balances, shareholdings, and 50 per cent of the advance against capital of the Joint Venture Company (JVC).
As per the order, approximately Rs. 320 crore in bank balances belonging to the JVC will now be transferred to the state.
In addition, the court ordered the payment of Rs 25 crore to the state as per an earlier arbitral award.
The entire shareholding of East India Hotels (EIH) in the JVC will be transferred to the state for a co...