Home >News >India >SBI, other banks lose leased property in Noida over non-payment of 156 crore dues

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.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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