No formal court documents regarding encroached land: SVH

Thursday 11th of July 2019

Silver Heritage Group said it has not been formally served any court documents or evidence in relation to allegations that its Tiger Palace Resort in Nepal is encroaching public land.

Last Friday, according to the Kathmandu Post, a court in Nepal reportedly issued a temporary order against Silver Heritage’s local units.

Thaneshwor Ghimire, chairman of a water user group under the Bhairahawa-Lumbini Ground Water Irrigation Project said there has been construction upon a small area of land located in and around Tiger Palace Resort which is owned by the Government of Nepal and managed by the Committee under Nepal’s laws relating to canals and irrigation.

He has filed a writ demanding recovery of 9 katthas (3,205 square meters) of public land, the report said.

“We have been speaking out against public property being encroached on by the resort from the beginning, but our pleas fell on deaf ears,” he said. “The resort did not coordinate with the locals and captured the land.”

In a response on Wednesday, SVH said it intends to defend the proceedings and shall keep the market informed of any developments in line with its continuous disclosure obligations.

Silver Heritage has said it’s in talks with potential investors over the resort.

The newspaper said at least four top Nepali groups are vying to buy the property.