NDMC defers decision on lease extension to Taj Mansingh
21 March 2015 12:01 AM GMT
New Delhi Municipal Council (NDMC), which was scheduled to take a call on Friday on the extension of the lease of Taj Mansingh hotel till its auctioning, has deferred the decision till March 25.
“The Home Ministry recently cleared the decks for auctioning of the hotel and the issue was to be tabled during the Council meeting held today (Friday) but it has been deferred till March 25,” NDMC Chairman Jalaj Srivastava said. “It was tabled today (Friday) but the members decided to defer it till the next meeting,” he added.
The property, owned by NDMC, was given to the Tata-backed Indian Hotels Company Ltd (IHCL) on lease for 33 years. The lease ended in 2011 and IHCL has since then been given six temporary extensions on various grounds to operate the hotel. The last extension was given on January 31 as NDMC could not hold an auction due to the Model Code of Conduct for Delhi Assembly elections. The extended lease agreement expires on March 31.
Two years ago, when NDMC had decided to auction the property, IHCL had approached Delhi High Court seeking a stay on the process.
“The Home Ministry recently cleared the decks for auctioning of the hotel and the issue was to be tabled during the Council meeting held today (Friday) but it has been deferred till March 25,” NDMC Chairman Jalaj Srivastava said. “It was tabled today (Friday) but the members decided to defer it till the next meeting,” he added.
The property, owned by NDMC, was given to the Tata-backed Indian Hotels Company Ltd (IHCL) on lease for 33 years. The lease ended in 2011 and IHCL has since then been given six temporary extensions on various grounds to operate the hotel. The last extension was given on January 31 as NDMC could not hold an auction due to the Model Code of Conduct for Delhi Assembly elections. The extended lease agreement expires on March 31.
Two years ago, when NDMC had decided to auction the property, IHCL had approached Delhi High Court seeking a stay on the process.
Next Story
