High level inquiry to be conducted for tenders of Hotel VITS: CM Fadnavis

Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Monday announced a high-level enquiry into the tender process for the sale of Hotel VITS at Chhatrapati Sambhajinagar which involved the company of state’s Social Justice Minister and Shiv Sena leader, Sanjay Shirsat’s son Siddhant.  He made this announcement during a discussion on a Calling Attention Motion moved.

Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Monday announced a high-level enquiry into the tender process for the sale of Hotel VITS at Chhatrapati Sambhajinagar which involved the company of state’s Social Justice Minister and Shiv Sena leader, Sanjay Shirsat’s son Siddhant. 

He made this announcement during a discussion on a Calling Attention Motion moved by Leader of the Opposition Ambadas Danve on the now cancelled tender process for the sale of the said hotel.

Danve said, “A company formed in 2024 was allowed to participate in the bid. The hotel bid was fixed at the 2018 rate, which was severely undervalued. The cartelisation of the companies led to acceptance of a tender of a company which did not have three years of ITR as required. Will there be action against the officials and the company which had won the tender?”

Revenue Minister Chandrashekhar Bawankule informed that the said tender process has now been cancelled.

“We had previously issued six tenders since 2018, for which no company came forward. The hotel’s value was fixed based on the special MPID court,” he said.

The VITS hotel was the property of Dhanada Corporation Limited, listed on the Bombay Stock Exchange.

In 2016 and 2017, the properties of the company were seized including the said hotel. In a bid to return the money of shareholders, its auction was held.

However, according to the minister, no company came forward for six tender processes held since 2018.