Chalet Hotels has provided an update regarding the ‘Proclamation and Written Notice of Sale of Immovable Property’ issued by the Greater Bengaluru Authority concerning alleged property tax arrears of ~Rs.39.56 crore. The company successfully obtained a stay order from the High Court at Karnataka on the proposed sale. The stay order is effective until the next date of hearing, providing temporary relief from the enforcement action initiated by the Authority.
Update on Property Sale Notice
Chalet Hotels Limited issued a filing on February 17, 2026, to update the stock exchanges concerning regulatory disclosures. This follows an earlier intimation dated February 11, 2026.
Details of Property Enforcement Action
The update relates to a ‘Proclamation and Written Notice of Sale of Immovable Property’ previously issued by the Greater Bengaluru Authority. This action was initiated due to alleged non-payment of property tax dues amounting to approximately ~Rs.39.56 crore, which includes associated interest, penalty, and cess charges.
Court Intervention and Stay Granted
The Company confirms that it has successfully filed a Writ Petition before the High Court at Karnataka. Crucially, the High Court has granted a stay order on the Authority’s enforcement action concerning the property situated at Whitefield in Bengaluru, Karnataka. This stay order will remain in effect until the next date of hearing scheduled by the Court.
Source: BSE
