Business Standard 03.03.2010
GHMC seizes Hyderabad Central
BS Reporter / Chennai/ Hyderabad March 03, 2010, 0:18 ISTCivic body Greater Hyderabad Municipal Corporation (GHMC) on Tuesday seized Hyderabad Central, the shopping mall promoted by Pantaloon Retail (India) Limited, at Punjagutta here for non-payment of tax arrears to the tune of Rs 2.9 crore.
According to GHMC officials, several notices were served on the mall since 2008 for payment of dues. The mall, which has PVR multiplex, was shut down and articles including computers were seized by officials.
Later in the day, Hyderabad Central reportedly paid Rs 1 crore to GHMC and gave an undertaking of paying the remaining in a week or so. The operations of the mall later resumed.
