Taj Mansingh to finally go under hammer, Le Meridien licence cancelled

March 02, 2017 21:57

The New Delhi Municipal Council today decided to auction off one of the most luxurious properties it owns the Taj Mansingh hotel- and also cancelled Le Meridien Hotel's licence over dues of Rs 523

crore.

The decision to auction Taj Mansigh brings to an end a six-year-old tussle between the NDMC and Tata Group, which has operated the landmark property for nearly four decades.

Although the Center had cleared the decks for the auction two years ago, no action was taken as the civic body was entangled in legal battles with Tata's Indian Hotels Company Limited, which has been operating the iconic hotel on Mansingh Road since 1978.

The long-pending decisions on Taj and Meridien were announced by Chief Minister Arvind Kejirwal after a special council meeting of NDMC.

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