HI: Indian Hotels CompanyBSE -0.81 % Limited, which operates the Taj hotel chain, has filed an injunction suit in the Delhi High Court just ahead of the auction of the Taj Mahal Hotel in central Delhi by the New Delhi Municipal Council.
"Indian Hotels Company Limited on behalf of Taj Mahal Hotel Delhi, has filed an injunction suit in the High Court in order to protect its position,"
said a Taj spokesperson, in a statement today.
The council is to meet on April 10 to discuss and finalise the terms of the request for proposal after which the tendering process will be initiated for the auction. The civic body had earlier said that Taj will have the right to match the highest bidder.