IHCL seeks exemption from Rs 46 crore licence fees
IHCL seeks exemption from Rs 46 crore licence fees is drawing significant interest across the industry.
Indian Hotels Company Ltd has approached the Delhi High Court. It seeks exemption from paying licence fees to the New Delhi Municipal Council. The company claims force majeure due to Covid-19 and pollution restrictions. These issues impacted hotel operations between 2020 and 2022. The court suggested mediation for dispute resolution. The next hearing is scheduled for April 23.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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