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India Today
08-07-2025
- Business
- India Today
Devendra Fadnavis orders probe into hotel deal involving Shinde Sena minister's son
Maharashtra Chief Minister Devendra Fadnavis on Monday announced a high-level inquiry to ascertain any irregularities in the tendering process to auction a hotel in Chhatrapati Sena MLA and state minister Sanjay Shirsat had come under fire after the opposition pointed out that his son's company was one of the three Danve, leader of the opposition in the legislative council, raised the issue through a calling attention The VITS Hotel in Chhatrapati Sambhajinagar belonged to Dhanda Corporation, a company listed on the Bombay Stock Exchange. The properties of the Dhanada Corporation, including the VITS Hotel, were seized under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, court ordered the auction of the hotel. Accordingly, the Chhatrapati Sambhajinagar collectorate conducted to the government-registered valuer's report in December 2018, the value of the hotel was Rs 75.92 crore. In 2025, when the property is being auctioned, the value is pegged as per the 2018 valuation. The value of the hotel is Rs 150 crore now as per private valuers, Danve alleged the lack of transparency in the auction process. He said three companies joined the process including M/s Siddhant Material Procurement and Suppliers Company. He said the company belongs to Maharashtra Social Justice Minister Sanjay Shirsat's son alleged that the company's registration form states that it had applied for registration in 2024 but has not yet been alleged cartelisation in the tendering process. M/s Siddhant Material Procurement and Suppliers Company bid for the company at the price of Rs 47 crore. The next two bidders bid with a difference of just Rs 5 lakh each- at Rs 46.95 and Rs 46.90 crore."This is a fraud and the government is being defrauded in a big way. Sidhant Shirsat is the son of Social Justice Minister Sanjay Shirsat. There is no ITR. What action will be taken against the government officer who allowed this irregularity," Danve said Revenue Minister Chandrashekhar Bawankule had stated that the entire process has been scrapped and a new process will be initiated to float fresh tenders."There will be a high-level inquiry to probe if there are any irregularities in this case to ensure transparency," he said the tender and the process have been cancelled. He said tenders were floated six times in the past but no bid was received. In the process, the base price and conditions kept coming said new tender will be on the council, Shirsat stated that the tender had been floated six times in the past but received no bid. He also said the tendering process was being carried out as per the court's flak, Shirsat last month said he was asking his son Siddhant to withdraw from the race to procure a hotel.- EndsTune InMust Watch IN THIS STORY#Maharashtra
New Indian Express
08-07-2025
- Politics
- New Indian Express
Maharashtra CM Fadnavis orders probe into Shiv Sena minister Sanjay Shirsat's hotel purchase
MUMBAI: In a big blow to Maharashtra's Deputy Chief Minister Eknath Shinde, Chief Minister Devendra Fadnavis on Monday ordered a high-level inquiry against Shinde-led Shiv Sena's minister Sanjay Shirsat and his son for buying a Rs 110-crore luxury hotel for just Rs 67 crore in Sambhaji Nagar. It was alleged that Shirsat and his son, Siddhant Shirsat, undervalued the VITS Hotel and bought it by rigging the tender process. The Opposition had raised the issue and demanded a probe. Fadnavis said that Revenue Minister Chandrashekhar Bawankule had already announced the cancellation of the tender process. The CM said, 'We will ensure that a new bid for this VITS Hotel auction is opened. However, to investigate any potential violations and irregularities in the tender process, we have decided to conduct a high-level probe to uncover the truth. Transparency has to be maintained in such a process.' Shiv Sena MLC and Leader of Opposition Ambadas Danave raised the matter in the Legislative Council. Danave alleged that the firm of the Sena minister's son, which bought the VITS Hotel, was not even registered and was therefore ineligible to participate in the bidding process. Still, it participated and won the bid, and illegally, he claimed Danave said it was revealed that the Sena minister's son used fraudulent documents to show his firm was eligible to enter the tender process. 'The government officials who are involved in this illegal deal have to be punished, and action should be taken against them. We want justice, and we expect CM Fadnavis to do justice,' he said. Sanjay Shirsat tried to defend himself and his son on the floor of the House, claiming that the allegations against both of them are baseless. He said that they had already announced their withdrawal from the deal.
Hindustan Times
07-07-2025
- Business
- Hindustan Times
Fadnavis orders inquiry into hotel deal amid row over Sena minister's company
Mumbai, Maharashtra Chief Minister Devendra Fadnavis on Monday announced a high-level inquiry to ascertain any irregularities in the tendering process to auction a hotel in Chhatrapati Sambhajinagar. Fadnavis orders inquiry into hotel deal amid row over Sena minister's company Shiv Sena MLA and state minister Sanjay Shirsat had come under fire after the opposition pointed out that his son's company was one of the three bidders. Ambadas Danve, leader of the opposition in the legislative council, raised the issue through a calling attention motion. The VITS Hotel in Chhatrapati Sambhajinagar belonged to Dhanda Corporation, a company listed on the Bombay Stock Exchange. The properties of the Dhanada Corporation, including the VITS Hotel, were seized under the Maharashtra Protection of Interest of Depositors Act, 1999. The court ordered the auction of the hotel. Accordingly, the Chhatrapati Sambhajinagar collectorate conducted proceedings. According to the government-registered valuer's report in December 2018, the value of the hotel was ₹75.92 crore. In 2025, when the property is being auctioned, the value is pegged as per the 2018 valuation. The value of the hotel is ₹150 crore now as per private valuers, Danve claimed. Danve alleged the lack of transparency in the auction process. He said three companies joined the process including M/s Siddhant Material Procurement and Suppliers Company. He said the company belongs to Maharashtra Social Justice Minister Sanjay Shirsat's son Siddhant. He alleged that the company's registration form states that it had applied for registration in 2024 but has not yet been registered. He alleged cartelisation in the tendering process. M/s Siddhant Material Procurement and Suppliers Company bid for the company at the price of ₹47 crore. The next two bidders bid with a difference of just ₹5 lakh each- at ₹46.95 and ₹46.90 crore. "This is a fraud and the government is being defrauded in a big way. Sidhant Shirsat is the son of Social Justice Minister Sanjay Shirsat. There is no ITR. What action will be taken against the government officer who allowed this irregularity," Danve said. Fadnavis said Revenue Minister Chandrashekhar Bawankule had stated that the entire process has been scrapped and a new process will be initiated to float fresh tenders. "There will be a high-level inquiry to probe if there are any irregularities in this case to ensure transparency," he said. Bawankule said the tender and the process have been cancelled. He said tenders were floated six times in the past but no bid was received. In the process, the base price and conditions kept coming down. He said new tender will be on merit. In the council, Shirsat stated that the tender had been floated six times in the past but received no bid. He also said the tendering process was being carried out as per the court's orders. Amid flak, Shirsat last month said he was asking his son Siddhant to withdraw from the race to procure a hotel. This article was generated from an automated news agency feed without modifications to text.
Time of India
03-06-2025
- Business
- Time of India
Ambadas Danve writes to Fadnavis, seeks scrapping of Chhatrapati Sambhajinagar hotel auction, demands high-level probe
Chhatrapati Sambhajinagar: The opposition continues to challenge social justice minister Sanjay Shirsat, despite his announcement that his son, Sidhant, would withdraw from purchasing a prominent hotel in the city. Tired of too many ads? go ad free now Shirsat, who serves as the district guardian minister, is facing mounting pressure. Stakeholders have publicly stated that the hotel's current value exceeds Rs 175 crore. Reports indicate that during the auction, the minister's son secured the property with the highest bid of approximately Rs 67 crore. Ambadas Danve, the leader of the opposition in the Maharashtra legislative council, has written to chief minister , requesting the immediate nullification of the VITS Hotel property auction in Chhatrapati Sambhajinagar. He also sought a thorough investigation, citing procedural irregularities and property undervaluation. In his Monday correspondence to the chief minister, Danve said the revenue administration auctioned Dhanada Corporation Ltd's flagship asset — Hotel VITS — at a significantly reduced value, affecting govt revenue and numerous stakeholders. He noted the Railway Station Road property, valued at ₹110 crore in 2012, received bids below the govt's 2021 reserve price in the 2025 auction. Danve said the May 20 e-auction, through the eAuction India portal, attracted only three companies. He questioned the limited participation and similar bid amounts, suggesting predetermined outcomes favouring specific interests. "The auction was conducted with clear intent to favour one bidder, under pressure from a specific group of shareholders and possible financial interests of certain officers," he alleged. Tired of too many ads? go ad free now The letter emphasised that Dhanada Corporation, listed on the Bombay Stock Exchange, has over 5,000 shareholders. Hotel VITS, operating since 2008, provided substantial local employment and business opportunities. The property ceased operations on Feb 1, 2025, without judicial orders, despite ongoing business activities and Rs 6 crore annual profit submissions to the court. Danve referenced the Supreme Court's verbal observation regarding MPID Act's inapplicability to share transactions. He claimed the state administration proceeded with the auction regardless, without proper judicial guidance. "The abrupt closure has left nearly 150 direct employees of this hotel, related small businesses, and suppliers in financial distress," Danve wrote. He requested a halt to property transfer, the establishment of an investigative committee, and disciplinary measures against involved officials. The letter concluded with a request for a detailed report on actions taken.
