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Showing contexts for: Economic performance in The Indian Hotels Company Ltd vs New Delhi Municipal Council on 5 September, 2016Matching Fragments
vi) NDMC is to receive share of the gross revenue or a fixed return on investment regardless of the economic performance of the hotel or regardless of whether hotel has made any profit or not.
vii) The project therefore is Joint Venture of Plaintiff and Defendant and a new public private partnership model designed in 1976 and is not mere licence as understood in the common parlance.
viii) The relationship between Plaintiff and Defendant therefore is not of a mere licencee but of equal status as partners in collaboration. The arrangement and the legal status of the collaboration between the Plaintiff and Defendant is sui generous and therefore is not equivalent with a licence or lease agreement under which the Defendant NDMC may grant licence on its own existing property or auction or sale or lease of vacant piece of land for a specified purpose in favour of a third party.