Sahil Lodha seeks to set aside 2026 consent terms in Lodha Developers suit

Sahil Rajendra Lodha, son of former Lodha Developers promoter Rajendra Narpatmal Lodha, has filed an interim application in the Bombay High Court seeking to set aside consent terms that the court took on record in January 2026. The application, reported on 31 October 2026, arises in a suit brought by Lodha Developers Limited against Rajendra Lodha and others. The application makes allegations. The court has not made any finding on them.

What the application alleges

According to the application, the consent terms required Rajendra Lodha and his family to give up assets worth more than ₹4,000 crore. It says the terms were executed on 20 January 2026, when Rajendra Lodha was in custody, and that he did not give free consent. It further says the suit was never served on him before he signed. The consent terms and connected documents were taken on record by the High Court on 28 January 2026.

The applicants also allege that Abhishek Mangal Prabhat Lodha, the company's managing director and chief executive, misused his position to pressure the family while Rajendra Lodha was in custody. The application says the terms allow documents held in escrow to be released if the defendants breach them. Escrow means documents held by a neutral party until a set condition is met. The application further says that an FIR registered on 22 October 2026 at NM Joshi Marg police station against Rajendra Lodha and others breached the terms. These are the applicants' claims and have not been tested before the court.

Background: the custody and the ED case

The Mumbai Police Crime Branch first arrested Rajendra Lodha in September 2025. The Enforcement Directorate (ED) later arrested him under the Prevention of Money Laundering Act (PMLA), the law that deals with proceeds of crime. In a press release dated 30 March 2026, the ED said it had arrested him on 12 February 2026 and that he was remanded to judicial custody.

The ED alleges that Rajendra Lodha caused wrongful losses of more than ₹100 crore to the company by diverting funds and disposing of immovable properties without board approval. It also alleges that he colluded with his son, Sahil Lodha, and several close associates to generate, conceal and launder proceeds of crime. The same press release says the ED has provisionally attached land parcels at Panvel and Shahapur talukas in Maharashtra. A provisional attachment is a temporary freeze on assets while the case is decided. The ED says its investigation is continuing.

The company and the dispute

Lodha Developers Limited, formerly Macrotech Developers, is a Mumbai-based listed developer. The company was founded in 1980 by Mangal Prabhat Lodha and listed as Macrotech Developers on 19 April 2021. It changed its name to Lodha Developers Limited with effect from 16 June 2025, after approval from the Ministry of Corporate Affairs. Abhishek Lodha is its managing director and chief executive. The dispute is reported to stem from differences between Rajendra Lodha and Abhishek Lodha.

No response from the company, Abhishek Lodha or Sahil Lodha has been recorded so far. The court has not yet decided whether to set aside the consent terms, and no hearing date for the application has been reported.

For buyers, the application concerns the company's consent arrangements and the Rajendra Lodha family, not any specific project. No order affecting project buyers has been reported. Listed companies must disclose material litigation to the stock exchanges under SEBI's listing rules, so buyers and investors should look for updates in those filings. Developers in similar disputes are generally expected to disclose pending applications and any changes to asset ownership in the same way. The next step to watch is the court's listing of the application, followed by its decision on whether the consent terms should stand.