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19 Apr 2018, 17:11 HRS IST
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SC says courts are not the place to settle business or political rivalry which has to be fought in markets or electionsThe PILs were without any truth and attempt was made to malign the judiciary: SCSC says it thought of initiating contempt proceedings against petitioners but decided not to go ahead with itSC says during arguments, counsel for petitioners forgot to maintain institutional civility towards judges and made wild allegationsSC criticises attempts by senior advocates and activist lawyers to make insinuations against judges including that of the apex courtSC says frivolous and motivated litigation has been filed to settle political rivalryIt becomes clear that with these petitions real attempt and frontal attack was made on independence of judiciary: SCDocuments placed on record and their scrutiny establishes that Loya's death was due to natural cause: SCThere is no reason to doubt statements of four judges on circumstances leading to the death of Loya: SCSC says attempts were made to scandalise judiciary by levelling serious allegations against judicial officers and judges of Bombay HCSC dismisses pleas to probe alleged mysterious death of CBI judge B H Loya, who was hearing Sohrabuddin Sheikh fake encounter case
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  • ITC examining options for Taj Mansingh auction

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15:52 HRS IST



New Delhi, Apr 21 (PTI)
Diversified conglomerate ITC is learnt to be evaluating options for making a bid for Taj Mansingh hotel following the Supreme Court's decision to allow the NDMC to e-auction the iconic property.

The Tata Group hospitality arm, Indian Hotels Company, has already said it intends to participate in the bidding for the property, which it has been running for decades.

When contacted, ITC declined to comment.

However,a company source said the company is evaluating its strategy for the same. "We are evaluating the options," the source said.

The Supreme Court had yesterday allowed the plea of NDMC that IHCL cannot have the right of refusal in the auctioning of the hotel.

The bench, however, had asked the civic body to grant six months "breathing time" to the company in vacating the hotel in case they lose out in the e-auction.

The apex court had also held that the "blemish-free" record of the Tata group firm may be taken into account by the New Delhi Municipal Council (NDMC) while auctioning the iconic property.

"We respect the decision of the Supreme Court and intend to participate in the e-auction when it is held. We stay committed to our colleagues and guests, whose loyalty and trust remains our biggest asset," a company spokesperson said in an e-mailed statement.

On March 3, the civic body had told the apex court that it wanted to e-auction the hotel.

The property, owned by the NDMC, was given to IHCL on a lease of 33 years. The lease had ended in 2011 and the company was given nine temporary extensions since then on various grounds, with three of them granted last year itself.

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