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Friday, February 14, 2025 | 11:18 AM ISTEN Hindi

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SC's appreciation can buy Indian Hotels Company more time: Jasmeet Singh

If favours are shown, other bidders can take the matter to court which will delay execution of lease

jasmeet
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Jasmeet Singh

Jasmeet Singh
The NDMC wanted to auction the lease, as was the mandate under the New Delhi Municipal Act, 1994. IHC unsuccessfully sought an automatic extension and a right of first refusal before the Delhi High Court and the Supreme Court. What it ultimately got was a pat on the back from the Supreme Court, which asked the NDMC to “take into account the unblemished track record of the petitioner hotel [IHC] as well as its capability” while auctioning the lease. 

It is probably unprecedented that in a direction calling for fresh unbiased auctions, the court gives a window to one party, more

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