IHC Issues Written Order On Grand Hyatt Hotel Case
Fakhir Rizvi 4 years ago Thu 05th January 2017 | 08:55 PM
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 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.