New Delhi, July 5 :    New Delhi, July 5:  The Cabinet Committee on Disinvestment (CCD) today approved the sale of five ITDC hotels, including the Delhi-based Kanishka and Indraprastha Yatri Niwas for over Rs 169 crore. Kanishka Hotel was bagged by Nehru Place Hotels-the owner of Park Royal in Delhi, promoted by the Eros Group for Rs 95.95 crore against a reserve price of Rs 70.9 crore. The Indraprastha property went to Moral Trading and Investment Ltd, a Mittal group firm for Rs 45.03 crore against a reserve price of Rs 18.3 crore. Disinvestment minister Arun Shourie said, 'None of the five properties, which were cleared for sale have proper lease-deed documents and in some cases even the gratuity funds to the tune of Rs 5.91 crore has not been deposited. These, together with Rs 24.56 crore VRS compensation, will also have to be deducted from sale proceeds.' The incomplete Chandigarh project was sold off to the Taj GVK group for Rs 17.27 crore against a reserve price of Rs 14.01 crore. The other two properties which were sold today were Hotel Khajuraho Ashok and Hotel Varanasi Ashok while the bids for Hotel Ranjit were not opened. Khajuraho Ashok went to Lalit Suri-promoted Bharat Hotels for Rs 2.21 crore against a reserve price of Rs 2 crore. Varanasi Ashok was sold to Ramnath Hotels for a sum of Rs 9.11 crore which is above the reserve price of Rs 5.5 crore. In the case of Ranjit, the bids were not opened owing to some issues relating to ground rent, and an inter-ministerial group has been formed to resolve the problem. The committee also approved the transaction document for newsprint company Nepa Ltd, based in Madhya Pradesh, after resolving the issues relating to transfer of forest land, and the stage is now set for invitation of price bids. Nepa was allotted about 1500 acres of forest land by the state government.