SC for bids to restart Super Bazar

By Staff
|
Google Oneindia News

New Delhi, May 16 (UNI) In a bid to restart the Super Bazar in Connaught Place, which is lying closed for the last several years, the Supreme Court has directed the court-appointed committee to invite bids within two weeks.

A bench comprising Justice B P Singh and Justice Alatamash Kabir in an order dated May 5, directed the committee to publish the details of the assets and liabilites of the now defunct bazar in a brochure which should be made available to the interested parties by an officer appointed for the purpose.

The court also directed that every bidder shall have to deposit Rs five crore as earnest money and have to disclose its financial capability, experience and expertise in the field to run the bazar in a profitable manner.

The Super Bazar had to be closed down after it started running into huge losses due to rampant corruption among its officials and suppliers.

The NDMC claimed the premises saying it would convert it into a complex and told the court the bazar had Rs 45 crore outstanding as rent arriers.

The court, however, told the NDMC its dues will be paid out of the money received from the bidders.

The court also told the two companies, who have already deposited Rs 50 crore each for getting the contract for running the bazar, that they two were free to withdraw their deposits and can take part in the fresh bidding.

The court also directed the bidders to disclose their source of funds and to provide an approximate time frame within which a bidder will be able to make the bazar functional.

The Union government has agreed to write off its dues of about 60-65 crore outstanding against Super Bazar.

The Super Bazar which was opened by the Centre to provide articles of daily use to Delhiites at reasonable prices was in the red since 1998 and had to be closed down.

Today's order came on a petition by Super Bazar employees association seeking directions to the government to restart the bazar.

UNI AKS/SC YA KN1646

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