NDMC likely to put off Taj Mansingh auction; bidders' issues unresolved

Taj Mansingh is learnt to have clocked revenue of approximately Rs 2 billion and a profit before tax of Rs 450 million in FY17

The much-awaited bidding of the capital’s iconic Taj Mansingh hotel is set to be delayed further.

The New Delhi Municipal Council (NDMC), given a nod by the Supreme Court last year to auction the luxury hotel, had plans to complete the process by January 30. But, as things stand, it is likely to be delayed by at least a month.
 

Prospective bidders in the run-up to the auction have raised several questions, to which the NDMC didn’t come up with satisfactory responses and explanations. 

One of the issues raised before the NDMC is regarding a condition that restricts the winner from making