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Taj Mansingh row: SC asks NDMC to reconsider auction

The company had paid more than Rs 250 cr up to 2011 for the joint venture arrangement with NDMC

M J Antony  |  New Delhi 

The Supreme Court on Thursday asked the New Delhi Municipal Corporation (NDMC) to reconsider its decision to auction Tata Group's Taj Mansingh hotel in Delhi within six weeks. There will be no change till then as the status quo ordered in November last year would prevail. SC passed the order at the end of a three-day hearing on the appeal of Indian Hotels Company (IHCL) against the Delhi high court judgment which allowed NDMC to end the 33-year lease and auction the property. The Bench presided over by Justice P C Ghose asked the civic body to settle the issue through ...

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Taj Mansingh row: SC asks NDMC to reconsider auction

The company had paid more than Rs 250 cr up to 2011 for the joint venture arrangement with NDMC

The company had paid more than Rs 250 cr up to 2011 for the joint venture arrangement with NDMC, IHCL's counsel said The Supreme Court on Thursday asked the New Delhi Municipal Corporation (NDMC) to reconsider its decision to auction Tata Group's Taj Mansingh hotel in Delhi within six weeks. There will be no change till then as the status quo ordered in November last year would prevail. SC passed the order at the end of a three-day hearing on the appeal of Indian Hotels Company (IHCL) against the Delhi high court judgment which allowed NDMC to end the 33-year lease and auction the property. The Bench presided over by Justice P C Ghose asked the civic body to settle the issue through ... image
Business Standard
177 22

Taj Mansingh row: SC asks NDMC to reconsider auction

The company had paid more than Rs 250 cr up to 2011 for the joint venture arrangement with NDMC

The Supreme Court on Thursday asked the New Delhi Municipal Corporation (NDMC) to reconsider its decision to auction Tata Group's Taj Mansingh hotel in Delhi within six weeks. There will be no change till then as the status quo ordered in November last year would prevail. SC passed the order at the end of a three-day hearing on the appeal of Indian Hotels Company (IHCL) against the Delhi high court judgment which allowed NDMC to end the 33-year lease and auction the property. The Bench presided over by Justice P C Ghose asked the civic body to settle the issue through ...

image
Business Standard
177 22