Noida: The Noida Authority on Wednesday said it has cancelled the allotment of properties leased to three banks and a hotel in Noida over pending dues of ₹156.91 crore, with the SBI alone defaulting payment of ₹144.13 crore.
Noida Authority CEO Ritu Maheshwari reviewed the allocation of leased/rented assets made by the General Administration Department during which several entities were found to have defaulted on payments.
Expressing displeasure over non-payment by major defaulters, including SBI, Vijaya Bank and Canara Bank, the CEO ordered the cancellation of the allotment.
"Among the major defaulters are SBI, which owes ₹144.13 crore for property in B block of Sector 2. A notice for payment default was issued to it on August 20 and recovery notice issued on August 29," the authority said in a statement.
"Canara bank owes ₹6.16 crore in dues, while Vijaya bank owes ₹1.67 crore, both against properties in Sector 6 and notices were issued to them also in August," it said.
"Gopala Hotels in B Block, Rajnigandha Shopping complex, Sector 15, owes ₹3.32 crore in dues to Noida Authority. A plot in Sector 3 in the name of K K Mishra has ₹1.61 crore in pending dues. Allocation of the property to both these entities has been cancelled," the statement read.
After the allocations were cancelled, Vijaya Bank made a payment of ₹59 lakh, while Canara bank has submitted a demand draft of ₹2.33 crore with the Noida Authority, it said.
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