Taj Mansingh hotel auction: Second time unlucky, draws just two bids

The road to auction of Delhi’s iconic five-star hotel Taj Mahal (popularly known as Taj Mansingh) seems unending for the capital’s civic body, New Delhi Municipal Council (NDMC). The council's second attempt to auction the property a month after the one first failed, has attracted only two bids, one less than the minimum three required to take the auction process ahead. Apart from Indian Hotels Company Ltd (IHCL), which is the current operator, tobacco-to-FMCG conglomerate ITC is learnt to have submitted bids on Monday.