The Delhi High Court on Monday dismissed a public interest litigation (PIL) petition seeking an investigation into the One Time Settlement (OTS) deals concerning loans extended by Punjab National Bank (PNB) and Bank of Maharashtra (BOM) to Asian Hotels North Private Limited, which owns the Hyatt Regency in Delhi [Infrastructure Watchdog v Union of India and Ors]. A Division Bench of Justices C Hari Shankar and Ajay Digpaul said that the PIL filed by New Delhi-based NGO Infrastructure Watchdog was a shot in the dark, based on surmises, conjectures and assumptions and no case was made out to even issue notice in the matter. “What the petitioner is seeking from this Court is, however, clearly a roving inquiry, on the basis of skeletal facts, without being aware of the complete na
Delhi High Court Rejects PIL for Probe Into Hyatt Regency Owner's One
 Moneylife14 hrs ago
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