HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack
NEWSTRACK

Trident hotel urges court to quash CBI FIR

Tuesday, April 27, 2021, 15:17 Hrs  [IST]
HBI Staff | Hyderabad

According to TOI, Arjun Singh Oberoi and LN Sharma of Trident five-star hotel of Golden Jubilee Hotels company approached the high court urging it to quash the CBI FIR against them. Justice K Lakshman will hear their pleas on Monday.


Following a complaint from the Bank of Baroda, the lead banker of creditors consortium, charging the duo with defrauding them to an extent of INR 1,250 crore, the CBI registered an FIR against the petitioners and also against some of the officers of the bank.


The state’s youth advancement, tourism and culture department was made to part with its prime property of 4.5 acres at the Shilparamam area near Hitec City in Hyderabad for raising a five-star hotel and other amenities on a 33-year lease basis. The investigators’ case is that though the promoters were given prime land and bank loans, they resorted to funds diversion, forcing the project to go bankrupt.


Core Hotel Ventures Private Ltd and East India Hotels (EIH) have stakes in Golden Jubilee Hotels. EIH, under the Oberoi brand name, operates hotels with Oberoi and Trident names.

The state’s youth advancement, tourism and culture department was made to part with its prime property of 4.5 acres at the Shilparamam area near Hitec City in Hyderabad for raising a five-star hotel and other amenities on a 33-year lease basis. The investigators’ case is that though the promoters were given prime land and bank loans, they resorted to funds diversion, forcing the project to go bankrupt.


Core Hotel Ventures Private Ltd and East India Hotels (EIH) have stakes in Golden Jubilee Hotels. EIH, under the Oberoi brand name, operates hotels with Oberoi and Trident names.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Advani Hotels and Resorts (India) Limited reports audited financial results for Financial Year 2021-2022
»  Mistakes one should avoid while setting up a beer brand in India
»  Mistakes one should avoid while setting up a beer brand in India
»  Hilton continues to expand its presence in India with the signing of Hilton Hyderabad Resort & Spa
»  Anantara Hotels, Resorts & Spas Announces New General Manager Appointments in Africa, Indian Ocean and the Middle East
»  Beam Suntory brings modern-day gin-naissance to India with the launch of Sipsmith
»  Lexicon Institute of Hotel Management signs an MOU with Davidoff Cigars to create India’s first Certification on Cigars
»  Hong Kong Firm Strikes Biggest Single Hotel Deal in Australia for Record AUD530 Million
»  Sattvik Council of India honoured the Bhartiya Sabhyata Evam Sanskriti Parva with its Sattvik Verified food
»  7 Apple Hotels & Resorts Brings Hospitality Experience To The Business Capital of India
»  Lavazza India launches its third training center in India
»  Minor Hotels announces agreement with DGDA in KSA, to develop an Anantara Hotel in Diriyah
»  Renaissance Bengaluru Race Course Hotel Appoints Neeraj Balasubramanian as the New Executive Chef
»  IHCL announces the first Ginger hotel in Agra
»  Signum Hotel Academy partners with Tourism & Hospitality Skill Council (THSC) to train entry level workforce for hospitality
»  Magnolia Bakery India launches a special range of sublime summertime sweets
»  Ovolo Hotel Group launches global ‘Plant’d’ initiative
»  Pride Hotels Ltd. to expand its footprints to 100 hotels by 2030
»  Hotel Mercure Hyderabad KCP, Banjara hills launches Terrace, A Roof Top Bar & Restaurant
»  Moon Tree At Sayaji Hotel Kolhapur hosts ‘Mexican Food Fest’
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES