VPA ends leases, regains control of properties

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Upon issuance of the termination notices and completion of owed  process, the Visakhapatnam Port Authority formally took possession of the facilities connected  Monday successful  the beingness  of State gross  officials.

Upon issuance of the termination notices and completion of owed process, the Visakhapatnam Port Authority formally took possession of the facilities connected Monday successful the beingness of State gross officials. | Photo Credit: Representative image

The Visakhapatnam Port Authority (VPA) connected Monday (December 15, 2025) took possession of its Sports Complex and Kalavani AC auditorium, located wrong the Nehru Sports and Cultural Complex astatine Saligramapuram, pursuing the termination of their respective lease agreements, according to an authoritative release.

The Sports Complex had been leased to M/s Vishwanadh Sports & Conventions Pvt. Ltd., portion the Kalavani A/C Auditorium was leased to M/s Vishwanadh Avenues (India) Pvt. Ltd.

The termination notices were issued by the Visakhapatnam Port Authority connected September 11, In presumption of non-fulfilment of presumption and conditions of the respective lease agreements.

Consequent upon issuance of the termination notices and completion of owed process, the Visakhapatnam Port Authority formally took possession of the facilities connected Monday successful the beingness of State gross officials. The takeover was carried retired successful an orderly mode and the premises person present reverted to the custody of the VPA.

The VPA volition instrumentality indispensable steps for safeguarding the assets and volition analyse aboriginal utilisation of the facilities successful accordance with applicable rules and policies, keeping successful presumption the involvement of the larboard and the public., said the property release

Published - December 15, 2025 08:46 p.m. IST

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