Media reported that the club, to be named Prufrock, was meant to provide a "vibrant cultural space, where a highly accomplished, eclectic community of select urban Indians can meet and engage in an atmosphere of great intimacy with eminent people who make and shape the world".
Prufrock is owned by Thriving Arts Pvt Ltd, which was floated by Tejpal and his sister early this year. In August, Chadha Hotel's Pvt Ltd bought 11,111 shares, at Rs 1,800 per share, and thus brought in Rs 2 crore.
In an invitation that Tejpal sent out to a select few people, he said the club membership would "mean an invaluable opportunity to listen to those who sit in the country's hot seats, wielding great power and influence, politicians and businessmen, social activists and spiritual leaders, and engage with the complex mechanics and politics of building India, through conversations held in an atmosphere of rare intimacy".
All that would be possible over "fine drinks and exquisite cuisines created by a celebrity chef".
The club membership was being offered for Rs 12,360, and the facility is under preparation in M-block market of Greater Kailash-II.
According to reports, the decision to invest in the club was taken by Chadha a few months before he was killed in a shootout in a Delhi farmhouse.