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SC clears the decks for Taj Mansingh Hotel e-auction

Friday, April 21, 2017, 09:57 Hrs  [IST]
HBI Staff |New Delhi

Supreme Court while upholding the judgement of the Delhi High Court in favour of the New Delhi Municipal Council (NDMC) in the matter of Taj Mansingh Hotel, has allowed the civic body to go ahead with the e-auction of the iconic hotel property which is being managed by the Indian Hotel Company Limited (IHCL) for more than three decades.

The bench comprising Justices PC Ghose and Rohinton Nariman agreed with the civic body’s plea that the first right of refusal is inbuilt in the very process of e-auction, and therefore IHCL can participate in the e-auction process and stake claim for the property again.

In case IHCL looses the bid, NDMC has to give at least six months time to the hotel company to vacate the property, the court said. Court also asked the NDMC to take into account the unblemished track record of the hotel company and that legacy should feature foremost in the e-auction process.

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