India, Feb. 5 -- The Supreme Court on Wednesday put under scrutiny the valuation of Delhi's Hyatt Regency Hotel in one-time settlement (OTS) deals between Asian Hotels (North) Pvt Ltd and two public sector banks, observing that it must be satisfied that the settlement was arrived at in a "clean and transparent manner" since public money was involved.
"This money belongs to the people of the country.We understand the issue of commercial wisdom in such matters, but we have to see whether this commercial wisdom is in the interest of the people of the country or someone else," a bench comprising Chief Justice of India Surya Kant and justices Joymalya Bagchi and Vipul M Pancholi said while hearing a plea filed by NGO Infrastructure Watchdog....
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