ref:
http://mail.architexturez.net/+/MPISG-Media/archive/msg00691.shtml
NDMC gets SC nod to raze Chanakya, to raise theatre of dreams
Tenzing Lamsang
New Delhi, August 31: CHANAKYA cinema hall, one of the last
single-screen theatres left in the city, is set to pave way for a
multiplex, as proposed by the NDMC.
A Supreme Court Bench headed by Justice Arijit Pasayat today dismissed
an appeal filed by the Chanakya theatre management urging the court to
issue directions restraining construction.
cont'd....
http://cities.expressindia.com/fullstory.php?newsid=253931
-----------------------
The verdict came five years after the civic agency, which had given the
land on lease in 1971, issued an “end notice” to the theatre’s
management. The top court upheld the judgement of the Delhi High Court,
which had on August 30, 2005, ordered Aggarwal and Modi Enterprises to
hand over the hall’s possession to NDMC, and directed the present
management to vacate the premises by December 31.
The Urban Development Ministry had given the 1.69-acre area known as
Yashwant Place to NDMC in 1965. Chanakya cinema opened in 1971 on 34,000
sq ft. Besides Chanakya, the area also houses 32 shops. NDMC refused to
renew the cinema’s licence in 2002 because the deal was no more
profitable. According to NDMC, while the cinema management was making
more than Rs 1.5 crore every year through advertisements, parking fees
and other activities, it was paying just Rs 15.5 lakh as licence fee.
Aggarwal and Modi Enterprises offered to pay the reserve price that the
council plans to propose for the complex. NDMC, however, turned down the
offer and insisted on pulling down the cinema hall for a new commercial
complex.
cont'd....
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=0c6db8cd-f769-4579-9a5b-221b00734c75&&Headline=Goodbye%2c+Chanakya