IHC Issues Written Order On Grand Hyatt Hotel Case

IHC issues written order on Grand Hyatt hotel case

issued written order while directing Hotel management to submit a complete list of persons to whom the apartments in the under- construction-multi-storey building meant for Grand Hyatt hotel have been sold alongwith the detail.

Justice Athar Minallah also directed the counsels to submit their respective written submission arguments before the January 11 while hearing the identical petitions moved by M/s BNP (Private) Limited and others.

The several petitions had challenged the Capital Development Authority (CDA)'s decision of terminating the contract of land lease and sealing of the building. In the petition, the CEO of the BNP (Pvt) Ltd and another have requested the court to restrain the civic body from taking any adverse action till the case is pending before the court.

On August 1, CDA had informed the IHC that it had terminated the contract of 99 years land lease with the BNP (Private) Limited due to violations of CDA bylaws and rescheduling of outstanding dues.

On July 1, the CDA had sealed the building for various building and layout plan violations. The civic agency's board in its meeting held on July 29 had decided that appropriate action should be taken against the officials, who extended several relaxations to M/s BNP from time to time in contradiction to rules and regulations of the authority, causing huge loss to the CDA.

On March 9, 2005, CDA had auctioned the 13.5 acre plot on Constitution Avenue to the BNP Group for Rs4.88 billion. CDA Board, however, handed over the possession of the plot in 2005 after receiving just Rs800 million.

The BNP has so far paid the CDA Rs1.02 billion while the remaining Rs3.85 billion is recoverable in installments until 2026. The court will take up the case on January 11. APP/nhk/kmd