MAM
ABP Group appoints Yash Mehta as CEO of Ananda Publishers’ education arm
Mumbai: ABP Group, a prominent media conglomerate, has officially named Yash Mehta as the chief executive officer (CEO) of the education division of Ananda Publishers, the esteemed publishing arm of the group. Yash, a highly experienced professional, brings with him a remarkable track record, unique expertise, and robust skills poised to guide the organisation in establishing a significant presence on the educational landscape of the country. Operating from Delhi, Yash will assume responsibility for overseeing all educational entities within the ABP Group.
Yash’s professional journey is distinguished by a diverse and rich background in the education sector. Prior to joining the ABP Group, he served as the executive director at Oxford University Press (OUP), where he held the position for an impressive five years, playing a pivotal role in driving substantial growth for the University Press. Before that, Yash served as the country lead at Macmillan Education India, where he spearheaded Macmillan’s education business in India and neighbouring markets such as Sri Lanka, Bhutan, the Middle East, Nepal, and Bangladesh. Yash’s career exemplifies extensive experience and leadership in the education industry.
On the appointment of Yash Mehta, Ananda Publishers director Dhruba Mukherjee expressed, “We were looking for an individual with a rich and diverse industry experience, having a vision for the future and a passion to win. Yash brings on the table all this and more. He leads from the front and under his leadership we expect our education businesses to grow in scale, size and impact.”
Yash Mehta, displaying great enthusiasm about his new role, stated, “I am greatly looking forward to this important next chapter. This is a critical time for the publishing industry, where the needs are changing at an unprecedented pace. The release of the NEP 2020 and the NCF 2023 coupled with emerging technologies and changing demands in education present new challenges and opportunities that require us to adapt and evolve. Keeping up with the increasingly dynamic needs of education will require decisiveness in planning and implementing strategic initiatives. This platform will provide me an opportunity to realise my potential in delivering educational solutions for an enduring positive impact on society. I will work towards the growth and success of the group and the satisfaction of all the stakeholders.”
Yash, a management graduate with over two and a half decades of professional experience spanning the banking, telecom, real estate, financial services, and education sectors, has also served as the joint secretary at the Association of Publishers in India (API) for two consecutive terms.
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Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
