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The Hindu

National

Staff Reporter

Trident Hotel, Prasad IMAX and 7 other entities owe ₹271.74 crore to State

“Have reason to believe that the defaulters having political clout are making the Tourism Development Corporation limit their activity to just issuance of notices. ”M. Padmanabha ReddySecretary, Forum for Good Governance

A Right to Information application filed by the Forum for Good Governance revealed that Trident Hotel at Shilparamam, Madhapur, owes ₹87.86 crore to Telangana Tourism Development Corporation Limited, making it the biggest lease defaulter. Notices were issued for recovery on August 18, 2021, and subsequently reminded on October 20, 2021, and a review meeting was conducted with a resolution professional appointed by the court and present operator (Trident), the RTI said.

Apart from Trident Hotel, eight such private entities defaulted ₹129.88 crore - ₹217.74 crore, including ₹87.86 crore from Trident Hotel - to Tourism Development Corporation Limited after leasing the lands at prime locations.

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