Noida News: 50 builders are not well… Preparations intensified to recover 8 thousand crore dues – Bollywood Keeda

Noida. Noida Authority has intensified preparations to recover the outstanding amount of more than eight thousand crores from more than 50 builders of group housing. These builders have been warned to immediately deposit their dues with the authority to take advantage of the recommendations of the Amitabh Kant Committee, otherwise advance recovery action will be taken against them.

The issue of dues of Noida Authority is pending for more than four years. In this case, even after the Supreme Court order came in favor of the authority, the builders did not deposit the dues. After the intervention of the government, Amitabh Kant Committee was formed in this matter.

The recommendations of this committee were implemented by the government with some conditions. Even after this, only five builders came forward to deposit the dues. Whereas, there are 57 builder projects whose case is not pending in any court, but they are not applying for deposit of dues. Due to non-payment of dues, registration of more than 50 thousand people is stuck in Noida Authority. Now the authority is preparing to tighten the noose on defaulting builders.

Supertech assessed the dues without giving the benefit of zero hour

Supertech Group has expressed its objection to the dues of Rs 2160 crore taken out by the Noida Authority on the Supernova project, calling it wrong. In the letter sent by the group to the authority, it has been said that the dues were assessed by the authority without giving the benefit of zero period. A ban on construction was imposed by the NGT during the period from 14 August 2013 to 19 August 2015, the project is to benefit from that period and also the zero period of the Corona period. The amount of interest for this period will be deducted from the outstanding amount. After this the amount of dues will be reduced. Supertech has sought information from the authority regarding the dues arising after availing the benefit of this zero hour. The group spokesperson says that they are ready to pay the dues. The dues of the authority will be paid soon.

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