Maharashtra Authority Upholds ₹21 Crore Penalty in Mundhwa Land Deal Involving Parth Pawar
Mundhwa land deal: ₹21 crore penalty for Parth Pawar's firm upheld
Hindustan Times
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The Maharashtra State Chief Controlling Revenue Authority has upheld a ₹21 crore penalty against Amadea Enterprises LLP, co-owned by Parth Pawar, for unpaid stamp duty linked to a controversial land deal in Mundhwa, Pune. The firm claimed exemption under the Maharashtra IT/ITES Policy 2023, which was rejected by the authority.
- 01The Maharashtra State Chief Controlling Revenue Authority upheld a ₹21 crore penalty against Amadea Enterprises LLP.
- 02The penalty is related to a land deal involving 40 acres of government land in Mundhwa, Pune.
- 03Amadea Enterprises LLP, co-owned by Parth Pawar, had claimed stamp duty exemption, which was deemed invalid.
- 04Authorities initiated penalty proceedings due to the company's failure to pay the required stamp duty.
- 05The firm has the option to challenge the ruling within 60 days.
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The Maharashtra State Chief Controlling Revenue Authority has upheld a penalty of nearly ₹21 crore against Amadea Enterprises LLP, a firm co-owned by Parth Pawar, for failing to pay the required stamp duty on a controversial land deal in Mundhwa, Pune. The deal, executed on May 20, 2025, involved the sale of 40 acres of government land for ₹300 crore. The firm had claimed an exemption under the Maharashtra IT/ITES Policy 2023 but was found to have only paid ₹500 in stamp duty. Following an investigation, the authority ruled the exemption claim as untenable and sustained the recovery action initiated by the Collector of Stamps. The penalty includes an additional amount accrued monthly since the deal's execution. Amadea Enterprises LLP can appeal the decision within 60 days under Section 53B of the Maharashtra Stamp Act.
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The upheld penalty may affect the financial standing of Amadea Enterprises LLP and its stakeholders, including Parth Pawar, potentially impacting their future business operations.
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