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SRINAGAR — Jammu Kashmir Hoteliers Club (JKHC), Chamber Of Commerce Industry Kashmir (CCIK) on Wednesday said that with the implementation of new land laws, the business and economic sector across Jammu and Kashmir would come to a grinding halt and appealed to the Lieutenant Governor, Manoj Sinha to consider the order’s more extensive implications.

As per a statement issued to the news agency KNO, JKHC said, “We J&K stakeholders (lessees) respectfully request the Lieutenant Governor J&K to kindly intervene in the recent order of lease expiry of leased properties and pass the instructions immediately to the concerned authorities to take on board all the concerned lease-based property holders to carry out negotiations with them in the matter and to explore viable options in the interest of the economy as otherwise the business and economic sector across the J&K would come to a grinding halt.”

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“Many small, medium, and large-scale business owners, shopkeepers, and other commercial institutions throughout J&K will suffer severe consequences if this direction is put into action. We request to the Lieutenant Governor to kindly consider this order’s more extensive implications,” it said.

“We, the J&K stakeholders, have high hopes and expectations from Lieutenant Governor Manoj Sinha. We are confident that justice will be served to all J&K stakeholders as it is the need of the hour. Otherwise, the Jammu and Kashmir UT will be more economic sufferers. Hence all the stockholders are sons of the soil. Please look into this matter as humanity and personally,” the statement said.

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