The Noida Authority on Wednesday said it has annulled the allotment of properties leased to three banks and a hotel. SBI, Vijaya Bank and Canara Bank were among the major defaulters which owed over Rs 156 crore
Noida: Stating that there were pending dues of Rs 156.91 crore, the Noida Authority on Wednesday said it has annulled the allotment of properties leased to three banks and a hotel.
The authority stated that SBI alone has defaulted payment of when Noida Authority CEO Ritu Maheshwari reviewed the allocation of leased/rented assets made by the General Administration Department
The CEO ordered the cancellation of the allotment to the major defaulter which includes SBI, Vijaya Bank and Canara Bank.
That authority stated that SBI owes Rs 144.13 crore for property in B block of Sector 2 and that a notice for payment default was issued to it on August 20 and recovery notice issued on August 29.
While SBI was a major defaulter, the authority added that notices were also used in August to Canara Bank, who owed Rs 6.16 crore in dues and Vijaya bank who owed Rs 1.67 crore, both against properties in Sector 6.
Also read: Government approves capital infusion of over Rs 9,000 crore in IDBI Bank
"Gopala Hotels in B Block, Rajnigandha Shopping complex, Sector 15, owes Rs 3.32 crore in dues to Noida Authority. A plot in Sector 3 in the name of KK Mishra has Rs 1.61 crore in pending dues. Allocation of the property to both these entities has been cancelled," the statement read.
The statement also pointed out that the cancellation of allocations resulted in Vijaya Bank making a payment of Rs 59 lakh and Canara Bank submitting a demand draft of Rs 2.33 crore with the Noida Authority.
Also read: Pump-priming by Indian Government likely to yield better sentiments for Indian economy
With PTI inputs
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.
Last Updated Sep 5, 2019, 10:29 AM IST