Tax & Penalty16 Oct 2026, 06:50 pm
Indian Hotels fined ₹10 Lakhs by BMC for NOC lapse
AI Summary
Indian Hotels Company Ltd has been levied a penalty of ₹10,00,000 (₹10 Lakhs) by the Brihanmumbai Municipal Corporation (BMC). The penalty was imposed due to a lack of No Objection Certificate (NOC) from the BMC Estate Department, despite having obtained amended approval plans from the BMC Building Department. The company stated that this action has no material financial implication.
Key Highlights
- BMC levied ₹10 Lakhs penalty on Indian Hotels.
- Penalty due to lack of NOC from BMC Estate Department.
- No material financial implication reported.
- Company obtained amended approval plans from BMC Building Dept.
Price Impact
More from INDHOTEL