The New Delhi Municipal Council (NDMC) finalised the tender document and licence deed for the auction of the Taj Mahal Hotel at a meeting chaired by Delhi chief minister Arvind Kejriwal on Monday.
“The tender document and licence deed have been finalised in the meeting today,” said an official familiar with the developments. Details could not immediately be ascertained.
The Taj Mahal Hotel, located on Mansingh Road and owned by NDMC, was leased to Tata Group’s Indian Hotels Company Ltd for 33 years in 1978. IHCL has run the 292-room hotel on a series of temporary extensions since the lease expired in 2011.
The apex court in April gave civic body the go-ahead to auction the hotel as per Section 141 of the NDMC Act. IHCL was supposed to get six months to vacate the property since the date of the eauction.
The company had said it will participate in the e-auction. IHCL had previously filed an appeal with a divisional bench of the high court against a September 5, 2016, order of a single-judge bench of the court that allowed a public auction of the hotel by NDMC.
Source: Economic Times