4-star hotel sealed for non-payment of loan

Amid high drama, a four-star hotel in the heart of the city was today sealed by the bank officials over alleged non-payment of loan worth Rs 130 crore.
'Park Plaza hotel', located in upscale sector-17, was sealed by bank officials from Punjab National Bank, United Bank of India and State Bank of India with help of police force, police said.
To stop the bank officials from performing their duty, the hotel management had deployed bouncers outside the hotel. However, after a three-hour-long ordeal, the hotel was sealed, the police said.
Acting on an application by the banks, the district administration had recently ordered taking possession of the hotel.

"Around 200 guests were asked to leave by the police," a hotel employee said, adding "around 60 rooms of the hotel were booked".
Hotel staff, around 250 in number, said they had been rendered jobless.
Hotel CMD HS Arora, an NRI, alleged bias against him by the bank officials and local administration.