SC orders status quo on NDMC termination of Bharat Hotels' LaLit Delhi licence
Supreme Court grants Bharat Hotels temporary relief in long-running licence dispute with NDMC over The LaLit New Delhi, after Delhi HC upheld termination and revived a Rs 1,063.74 crore fee demand dating back to 1982.
Supreme Court ordered status quo on NDMC's termination of Bharat Hotels' licence deed for The LaLit New Delhi, granting temporary relief after Delhi HC upheld the cancellation and revived a Rs 1,063.74 crore licence fee demand.
Why this matters
Follows SC's earlier stay on NDMC's licence termination for Bharat Hotels' LaLit Delhi property, extending judicial protection in a decades-old fee dispute that threatens the flagship hotel's operations.
Retail-company signals steady at 780 over the past 90 days.