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Airports Authority of India terminates the land contract with M/s. Hotel Leela Venture Ltd.

Feb 10th, 2017 9:45 am | By | Category: LATEST NEWS

THE NEWSMAN OF INDIA.COM
New Delhi, 9 th February, 2017: M/s. Hotel Leela Venture Ltd is running a five star Hotel on the plots of land leased to them by the Airports Authority of India near CSI Airport, Mumbai. The total area of plot allotted by AAI is 29000 sqm. through different agreements. Since they had defaulted in payment and also for other violations in terms of the agreements executed between the Airports Authority of India and M/s. Hotel Leela Venture Ltd. and after prolonged litigations, AAI Board decided to terminate then contract and accordingly notices were issued for payment of dues and to handover the possession of the property latest by 31.10.2016. Since they had failed to handover the passion of the property and pay the outstanding dues to Authority within the stipulated date, the eviction and recovery proceedings of dues have been commenced by the Eviction Officer and Show Cause Notice have been issued for appearance on 16.02.2017 under the provisions of AA Act 1994.

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