Overview

• Chief Minister Devendra Fadnavis has formed a high-level inquiry to probe alleged irregularities in the VITS Hotel tender.
• Revenue Minister Chandrashekhar Bawankule cancelled the controversial bid won by Siddhant Shirsat’s company and promised a new, transparent auction process.
• Opposition leader Ambadas Danve raised a calling attention motion over the sale, demanding action after the hotel sold for ₹65 crore against a claimed ₹150 crore market value.
• The VITS Hotel, seized under the MPID Act and subject to six unsuccessful tenders since 2018, had been auctioned at its 2018 court-valued rate.
• The upcoming probe will review bidder eligibility criteria and adherence to court orders to ensure accountability in state-supervised asset recoveries.