New Delhi, July 10 -- PVR INOX Limited has secured an arbitral award against Victory Infraedge Private Limited, with the sole arbitrator and former Judge Justice Vinod Goel directing the developer to refund the security deposit along with interest, resulting in a total award of Rs.1,22,99,959, besides arbitration costs of Rs.5 lakh. The award was announced on July 7, 2026.

Under the award, the arbitral tribunal directed Victory Infraedge to refund Rs.68.25 lakh, being the refundable security deposit paid by PVR INOX, and also awarded Rs.54,74,959 as interest at the rate of 12% per annum from November 1, 2019, till the date of the award, taking the total amount awarded to Rs.1,22,99,959.

The dispute arose when, under the Letter of Intent...