Taj Mansingh auction: Delhi HC dismisses appeal of Indian Hotel Company Ltd
The Delhi High court on Thursday dismissed appeal of Indian Hotel Company Ltd against auctioning of the iconic Taj Mansingh Hotel by NDMC.
Zee Meida Bureau
New Delhi: The Delhi High court on Thursday dismissed appeal of Indian Hotel Company Ltd against auctioning of the iconic Taj Mansingh Hotel by NDMC.
A division bench of Justice Pradeep Nandrajog and Justice Pratibha Rani dismissed the plea, which ws an appeal against a single judge order upholding the hotel`s auction.
The property, owned by NDMC, was given to IHCL on a lease for 33 years. The lease had ended in 2011 and the company was given nine temporary extensions since then on various grounds with three of them being in the last year itself.
NDMC had in January this year said it was in the process of assessing the assets of the hotel in preparation for the much-delayed auction of the property.
IHCL had approached the high court seeking a decree of permanent injunction restraining the NDMC from interfering in any manner with the possession, right to operate, run and maintain the hotel premises at the prime location of 1, Man Singh Road here.
It had also sought a direction restraining the NDMC from conducting an auction for running the hotel premises in Lutyen's Delhi.
With Agency Inputs