25 September, 2020

Finally, A Time To Check Out

A duel between the Tatas and others for Delhi’s Taj Mahal Hotel is on the cards

No Hardsell
The fate of the hotel on Delhi’s Man Singh Road had been uncertain for seven years
Photograph by Tribhuvan Tiwari
Finally, A Time To Check Out
outlookindia.com
2018-06-11T14:04:22+05:30

After many duels bet­ween the Tata Group and civic authorities, in court and outside, the stage seems to be set for the auction of Delhi’s most iconic five-star property, the Taj Mahal ­Hotel. Recently, the Delhi High Court dismissed a plea by the Indian Hotels Comp­any Limited (IHCL), the Tata Group company that runs the hotel, which challenged the revised tender of the auction. IHCL had app­roached the Delhi High Court, challenging the rev­ised tender by the New Delhi Municipal Council (NDMC) on the grounds that it failed to take into account IHCL’s “blemish free” record in running of the hotel as observed by the Supreme Court earl­ier. Incidentally, the Sup­reme Court has now refused to interfere in the process laid out by NDMC for the ­hotel’s auction.

The high court’s current dec­ision has paved the way for auction of the property on June 19, when e-auctions for a new licence for the property will be held. The last date for submission of technical bids is June 7. The Taj Mahal Hotel, more...

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