Published On : Sat, Jan 29th, 2022

Three months on, bidders running pillar-to-post as MADC fails to issue tender, release deposit

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Nagpur: The Maharashtra Airport Development Company (MADC) has not only failed to allot tender for a five-star hotel to the highest bidder but also failed to release the Earnest Money Deposit (EMD) even after three months, these shocking revaluation came to fore following the controversy over bounced cheques issued by MADC earlier this week.

Also Read : Finally! MADC allots 6.79 acres of land for Star Hotel outside SEZ in MIHAN

As per the available details, Pramod Korde, one of the bidder, had submitted the bid under the name of Spectrum Advertising Agency, Rashmi Mukewar spouse of CA Sanjay Mukewar had bid in the name of Sam Real Estate and Farming Private Limited and Mohan Gaikwad of Tulsiramji Gaikwad Patil Group of Institutions had filed the tender in the name of Abha Hospitality Services. All these bidders have already raised objections to delaying the tender to the highest bidder – Indian Safari Lodges and Campus Private Limited — and are in fix as the MADC has failed to release their respective deposit money.

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Notably, the controversy unfolded after the cheques of Rs 3.5 crore issued by MADC to Korde and Mukewar bounced earlier this week. Following which the MADC Officials held the bank responsible for the issue and blamed the technical glitch on their side for dishonored cheques.

While the bidders have said that as per the conditions, our deposit should be released 45 days after the Letter of Acceptance is issued to the highest bidder. However, it’s been over three months, but there’s no process.

MADC Officials, however, claimed that the hotel land has spread in sprawling 6.79 acres, therefore, they need the permission from Board of Directors only after which the tender would be finalized.

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