1. March 2002
Ajit Kerkar's Tulip Hospitality acquires Juhu Centaur for Rs 153 crore from the government under the privatisation programme.
2. March 2005
Siddhivinayak Realties, or SRPL, a JV of Oberoi Realty and DB Realty, enters into a deal with V Hotels (as Tulip has been named) to buy Centaur for Rs 350 crore.
3. May 2005
A CAG report questions the sale of hotel properties. A CBI inquiry brings former Disinvestment Minister Arun Shourie under scrutiny4. June 2005
With CBI launching its inquiry, SRPL holds back payment to V Hotels. Finally, both parties opt for arbitration.5. July 2011
The arbitrator terminates the agreement between SRPL and V Hotels for the purchase of the Centaur hotel.-Anamika Butalia