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Taj Mansingh to finally go under hammer on July 18

The much-delayed auction of Taj Mansingh, which was to be held this month, was cancelled since only Tata Group’s Indian Hotels Company Limited (IHCL) — the existing operator — bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds.
Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions. However, the civic body could not auction the property then as it was tied up in a legal battle with IHCL.(HT/File Photo)
Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions. However, the civic body could not auction the property then as it was tied up in a legal battle with IHCL.(HT/File Photo)
Updated on Jun 24, 2018 02:30 PM IST
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Press Trust of India, New Delhi | By Press Trust of India
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