Tiger Palace Resort to come into operation within two months

KATHMANDU, August 20: Tiger Palace Resort, located at Tilottama Municipality-15 of Rupandehi is scheduled to start operations within two months under new management. Earlier, Silver Heritage Group was operating through its subsidiary company Silver Heritage.

Budhisagar Subedi, the chairman of the resort shared that the shares of the Australian company, Silver Heritage Limited were purchased through US-based Himalayan Tiger Investment Inc.

Tiger Palace was purchased by a team of non-resident Nepali Buddhisagar Subedi, Deepak Dutt Gautam, Kul Acharya, Dev Bhusal, Ramji Marasini and others in the US. Subedi informed that the investment made in Nepal through Silver Heritage and the business in Nepal was worth 15 million US dollars. It is said that the new management team will soon solve the problems of all types of taxes owed to the government, bank interest, workers' payments etcetera.

“We are managing all kinds of payments, including government taxes, bank interest, and other issues, and are finalizing them soon,” said Budhisagar Subedi, chairman of Himalayan Tiger Investments Inc, adding that all disputes arising in the resort will be resolved and brought into operation under new management within the next two months.