Noida hotel plots: SC overturns UP govt’s decision
New Delhi: In a blow to the Mayawati government in Uttar Pradesh, the Supreme Court, Tuesday, overturned the state government’s decision of cancelling the allotment of land to several hotel companies that were allotted properties by previous government under Mulayam Singh Yadav in 2006.
However, the court, in view of state government’s contention that the allotment had caused loss to the state exchequer, ordered that the hotel companies pay Rs 70000 more per sq metre for the land.
Hotel companies, including ITC and Indian Hotels Company Ltd, had been leased land for building 14 hotels in Noida ahead of the Commonwealth Games. However, Mayawati, alleging corruption in land auctions, cancelled the allotments.
When the hoteliers challenged the cancellation in Allahabad High Court, it remanded the matter to the state Government for reconsideration. The hotel companies then moved the Supreme Court in hopes of a more definitive judgment in their favour.
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