High drama as bank officials arrive at Sec-17 hotel to take possession

Rajinder Nagarkoti

Tribune News Service

Chandigarh, August 26  

High drama was witnessed at Park Plaza hotel on Friday morning when bank officials from Punjab National Bank, United Bank of India and State Bank of India reached there to take physical possession of the hotel owing to its failure to pay a loan amount of Rs 130 crore.

The hotel management had deployed bouncers to thwart the bank officials. After a three-hour-long ordeal, the hotel was sealed at 1.45 pm.

Recently the DC had ordered to take the possession of the hotel on an application by these banks.                        

Around 200 guests were asked to leave by the police. Left with no other option, guests left their breakfast on the table. As many as 60 rooms of the hotel were booked.

Actor Mangal Dhillon, who was also present at the hotel, was also asked to leave. Dhillon along with 10 other people had booked the hotel for seven days.

Hotel staff, around 250 in number, said they had been rendered jobless.

Hotel CMD HS Arora, an NRI, targeted the bank officials and local administration alleging a bias. He said he would approach Prime Minister Narendra Modi.