This story first appeared in DNA Money edition on Thursday August 18, 2011.
Cox & Kings Ltd (C&K), a travel and tour operator, has moved the Delhi High Court against the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) over the latter’s notice to terminate their joint venture that operates the pan-India super luxury tourist train, Maharajas’ Express.
The equal-stake joint venture, Royale Indian Rail Tours Ltd (RIRTL), was launched in March 2010.
C&K officials declined to comment on the matter as it is sub-judice. However, in a filing with the Bombay Stock Exchange, the company said that the Delhi High Court, in an interim order, has directed IRCTC to maintain status quo on the venture.
The C&K plea had argued that the notice served by IRCTC was illegal as its consent was not obtained before terminating the agreement.
The court has sought a response from IRCTC on the matter and a hearing has been scheduled for today.
C&K officials had earlier said that RIRTL has a long-term lease of 15 years for operating the Maharajas’ Express tourist train in the country.
Banking on the project, C&K said it had invested `30 crore for its stake in the JV and has been aggressively promoting the product in the international markets, especially as high business season starts in October till early 2012. With 23 coaches, the luxury train has a passenger capacity of 84.
The train has four distinct configurations and features five deluxe cars, six junior suite cars, two suite cars and a presidential suite that occupies one entire car.
Itineraries offered by it include the Celestial India Tour, the Classical India Tour and The Princely India Tour.
The cost per journey for various itineraries ranges between $5,600 per person on a twin-sharing basis to $20,000 in a presidential suite.
Cox & Kings Ltd (C&K), a travel and tour operator, has moved the Delhi High Court against the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) over the latter’s notice to terminate their joint venture that operates the pan-India super luxury tourist train, Maharajas’ Express.
The equal-stake joint venture, Royale Indian Rail Tours Ltd (RIRTL), was launched in March 2010.
C&K officials declined to comment on the matter as it is sub-judice. However, in a filing with the Bombay Stock Exchange, the company said that the Delhi High Court, in an interim order, has directed IRCTC to maintain status quo on the venture.
The C&K plea had argued that the notice served by IRCTC was illegal as its consent was not obtained before terminating the agreement.
The court has sought a response from IRCTC on the matter and a hearing has been scheduled for today.
C&K officials had earlier said that RIRTL has a long-term lease of 15 years for operating the Maharajas’ Express tourist train in the country.
Banking on the project, C&K said it had invested `30 crore for its stake in the JV and has been aggressively promoting the product in the international markets, especially as high business season starts in October till early 2012. With 23 coaches, the luxury train has a passenger capacity of 84.
The train has four distinct configurations and features five deluxe cars, six junior suite cars, two suite cars and a presidential suite that occupies one entire car.
Itineraries offered by it include the Celestial India Tour, the Classical India Tour and The Princely India Tour.
The cost per journey for various itineraries ranges between $5,600 per person on a twin-sharing basis to $20,000 in a presidential suite.
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