HC orders attachment of Delhi's Himachal Bhawan as govt fails to clear dues

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HC orders attachment of Delhi's Himachal Bhawan as govt fails to clear dues - Business Standard

Quick Summary:

The state government awarded the project to Seli Hydro Electric Power Company Limited/Moser Baer and issued the Letter of Allotment (LOA) on February 28, 2009, following which the firm deposited the upfront premium of Rs 64 crore.

The Himachal Pradesh High Court has ordered the attachment of the Himachal Bhawan in Delhi for the recovery of Rs 150 crore that the state government owes to a power firm, Seli Hydropower Electrical Company.

Passing the order on Monday, a single-judge bench of Justice Ajay Mohan Goel said the company may take appropriate steps for auction of Himachal Bhawan located in central Delhi's Mandi House area thereof.