×
E-PAPER ▾

E-paper

Business

To participate in e-auction for Taj Mansingh: Indian Hotels

| | New Delhi

Indian Hotels Company on Friday said it intends to participate in the e-auction for the Taj Mansingh property, which the Tata Group firm has been running for decades.

The Indian Hotels Company Ltd (IHCL) had on November 8 last year approached the Supreme Court against the Delhi High Court’s order that had cleared the decks for auctioning of the iconic hotel in the heart of the national capital.

It suffered a setback on Friday with the apex court allowing civic agency New Delhi Municipal Council (NDMC) to e-auction the property.

“We respect the decision of the Honourable Supreme Court and intend to participate in the e-auction when it is held. We stay committed to our colleagues and guests, whose loyalty and trust remains our biggest asset,” a company spokesperson said in an e-mailed statement.

A bench comprising Justices PC Ghose and RF Nariman allowed the plea of NDMC that IHCL cannot have the right to refusal in the auctioning of the hotel.

The bench, however, asked the civic body to grant six months “breathing time” to the company in vacating the hotel in case they lose out in the e-auction.         

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

Court proceedings end in a lighter vein

20 May 2018 | PNS

New Delhi: “Now, let us enjoy our holidays,” this is how the Supreme Court concluded the hearing on the Karnataka power row on Saturday. The courtroom burst into a bout of laughter as Justice AK Sikri, who headed the three-judge Bench, made the jovial remark ...

Read More

STATE EDITIONS

View All

Modi visits J'khand today, to review aspirational districts' dev

25 May 2018 | Santosh Narayan | Ranchi

When Prime Minister Narendra Modi during his Jharkhand visit on Friday sits with the Deputy Commissioners and officials of the 19 aspirational districts it would boost hope of speedy development of the areas that have been in the red zone. It is learnt that all the DCs concerned have been told to be ready with crisp presentations highlighting not only the good works done in their areas identified but also...

Read More

Page generated in 0.2234 seconds.