Chandigarh, March 6 -- The municipal corporation of Chandigarh (MC) is ready to take over physical possession of 50 taxi stands after operators failed to comply with the stipulated terms and conditions, including the deposit of security amounts, the officials said on Wednesday.

Out of 61 taxi stands under the control of MC, 52 were allotted in September 2024 after the general house of the MC approved the terms and conditions for the allotment for the next five years (on as is where is basis).

Following a directive issued on December 9, 2024, the operators were given 15 days to fulfil these formalities, failing which the MC warned it would reclaim the taxi stands and their case will not be considered for allotment for the next five years...