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NDMC seeks more time for Taj Mansingh auction


DELHI 
The New Delhi Municipal Council (NDMC) has sought more time from the Union home ministry to reply to the latter’s show-cause notice on the delay in the auction of the five-star Taj Mahal hotel (popularly called Taj Mansingh). NDMC Chairman Jalaj Shrivastava has asked the ministry for time to “appreciate the matter” and apprise the details. Shrivastava also intends to take the matter to the Council for a decision on the auction, according to insider sources.

The government had asked NDMC to explain the reason behind the delay of two years in the auction of the property. The lease for the property expired in October 2011, after which it was extended. The home ministry is concerned that the “provision of the first right of refusal will result in a lower bid in the public auction.” The ministry had also pulled up the municipal body for referring the matter to the Union solicitor general.


Full report here Economic Times 

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