BHUBANESWAR: Even as reports in a section of the media are doing rounds that Cuttack-based “Triple C” is being run by a senior Judge of Orissa High Court, management of the hotel has rubbished the allegations.
A spokesperson of Latest Generation Entertainment Pvt Limited (LGPL), which entered into a 15-year pact with Justice Indrajit Mohanty, clarified that lease/rent agreement for “Triple C” was signed in August, 2007.
Chartered Accountant of LGPL R Sharma said possession of the property was handed over to the company in 2009 and it has been running the hotel ever since. LGPL has been paying lease rental for the premises after accounting for the income tax.
Contrary to the allegations that Justice Mohanty got record of rights of the land in 2006, available documents revealed that the land on which the hotel is located was purchased on October 16, 1981 by Barrister Ranjit Mohanty for his son, Justice Mohanty.
A year before Justice Mohanty was appointed Judge of the Orissa HC in 2006, application for the property’s building plan was submitted on July 1, 2005. The land and building both belong to him and it was handed over to LGPL in March, 2009.
Besides, the accusations that working capital had been availed for running hotel were found to be untrue as neither LGPL nor Justice Mohanty had taken any. Instead, a term loan was secured in 2007 for construction of the building.
Application for an additional term loan was made in 2009 which was approved later in the year by State Bank of India.
Sharma said the attacks on the hotel are not only baseless but also motivated and have adversely affected its functioning.