The Delhi High Court on Tuesday dismissed the plea of Tata Group-owned Indian Hotels Company Ltd (IHCL), challenging the tender procedure of the proposed auction of Delhi's Taj Mansingh Hotel by the New Delhi Municipal Council (NDMC).
Earlier, the court had dismissed the IHCL's plea against the auctioning of its iconic Taj Mansingh property in New Delhi by NDMC.
The property, owned by NDMC, was given to IHCL on a lease of 33 years, post which IHCL was running the property on several temporary extensions.
The Tata group-run Indian Hotels Company had filed an appeal with a divisional bench of the High Court against the September 5 order of the single judge bench of the Delhi High Court that allowed the public auction of Mansingh hotel.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app