New Delhi: The Tata-owned Indian Hotels Company Ltd (IHCL) has got another three-month prolongation for handling a Taj Mansingh Hotel with NDMC formulation to finish a auction of a skill by September.
The final prolongation was given on Mar 25 and a stream franchise agreement, that expires on Jun 30, has now been extended compartment Sep 30.
The matter was placed before a county body’s legislature on Friday during a special assembly where new authority Naresh Kumar took promise of office.
The property, owned by NDMC, was given to IHCL on franchise for 33 years. The franchise finished in 2011 and a association has been given 7 proxy extensions given afterwards on several grounds.
New Delhi Municipal Council (NDMC), that works underneath a executive control of a Union Home Ministry, had got a curtsy to auction a hotel in March. The county physique had progressing set a three-month deadline compartment Jun 30 to finish a auction proceedings.
To that end, NDMC had asked a Coal Ministry to beam it on a matter of auctions.
The process, however, got behind given a prior authority Jalaj Srivastava, who was spearheading a auction modalities for a hotel, was shifted to a Union cultivation method in April.
Two years ago, when NDMC motionless to auction a property, IHCL had approached Delhi High Court seeking a stay on a process. However, a association did not get a stay sequence it had sought.