The Supreme Court has overturned a ₹295 crore land compensation award granted to Hyderabad-based businessman Reddy Veeranna, finding it was obtained through fraud and deliberate concealment of key facts. The original case concerned over five bighas of land in Chhalera Banger, Sector 18, Noida—jointly purchased in 1997 by Veeranna, Vishnu Vardhan, and T Sudhakar. In 2005, this land was partly acquired by the Noida Authority and later leased to DLF, on which the Mall of India now stands.
Though initially contesting the acquisition jointly, Veeranna later claimed exclusive ownership. He secured a compromise decree in 2006 through a power of attorney that had already been revoked, which allowed him to record himself as the sole titleholder and claim compensation without involving the other co-owners.
In 2019, the Allahabad High Court granted Veeranna enhanced compensation of ₹1.1 lakh per square metre and removed a 50% development charge, raising his entitlement to approximately ₹360 crore. After negotiations with Noida Authority, the final payout stood at around ₹295 crore. However, Vishnu Vardhan, who alleged he was unaware of these proceedings, challenged the award before the Supreme Court in 2023, accusing Veeranna of manipulating the legal process.
The Supreme Court, in its verdict delivered on July 23, 2025, unanimously held that Veeranna had misled the courts by not disclosing Vishnu’s pending civil suit and by suddenly denying joint ownership after years of jointly pursuing the case.
The bench deemed these actions tantamount to fraud and “fraud on the Court,” which invalidates any resulting judgment. Consequently, both the High Court’s 2021 order and the Supreme Court’s partial approval in 2022 were set aside.
Veeranna has since submitted a property security of ₹295 crore through his firm Manyata-Pristine, with the amount remaining deposited under court supervision.
The Supreme Court has remanded the matter back to the High Court, directing a rehearing with all co-owners involved. Given the seriousness of the fraud, the top court asked the Chief Justice of the High Court not only to hear the case personally but also to conclude it by the end of the year.