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Guindy Race Course jockeys for survival
Business Standard
|September 10, 2024
The hearts of horse racing enthusiasts across India have been racing since Monday morning after Tamil Nadu's revenue department sealed the Madras Race Club in Guindy, the country's oldest horse racing venue.
Had it not been for a reprieve from the Madras High Court (HC) later in the day, the thunderous sound of hooves and the roar of spectators would have been silenced for the fourth time in the 247-year history of the Guindy Race Course.
The club's operations have only been halted on three previous occasions: in the 1770s due to the imminent invasion of Hyder Ali, in 1875, and during World War I.
However, the relief granted by the Madras HC is only for two days, with the court observing that the government's action to take possession of the premises without prior notice was illegal.
The current dispute stems from a claim by the government in 2017 regarding unpaid arrears on revised rent, amounting to ₹730.86 crore.''
Diese Geschichte stammt aus der September 10, 2024-Ausgabe von Business Standard.
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