Indian Hotels Need Not Vacate The Mansingh Right Now
Tata Group's hospitality arm, Indian Hotels Company Ltd. (IHCL) got some interim relief from the Supreme Court today. The apex court has barred the New Delhi Municipal Corporation (NDMC) from initiating any action against the Taj Group to vacate the property which currently houses the Mansingh Hotel in the national capital, until further direction.
The order came after the Taj Group challenged a Delhi High Court order which had ruled in NDMC's favour, allowing the civic body to put the property up for auction, after the Taj Group's 33-year old lease got over.
The Supreme Court also directed both parties to file their written submissions and any other documents they would like to bring to the court's notice.
The next hearing will take place on January 10, 2017.
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