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Recovery of Dues from Developer

Sector: Residential • Location: Noida, Uttar Pradesh, India

Source: Times of India

Project
Ongoing

Noida Authority has initiated recovery proceedings against Sikka Infrastructure for failing to clear dues amounting to Rs 277 crore related to a group housing plot in Sector 143B. The Authority has written to the district magistrate to recover the outstanding amount under land revenue laws, following the company's loss of eligibility for benefits under a state government policy due to non-payment.

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The project “Recovery of Dues from Developer” is an infrastructure initiative in the Residential sector, located in Noida, Uttar Pradesh, India. Taiyo aggregates data on it from Times of India.

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Ongoing

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Description

Description

Noida Authority has initiated recovery proceedings against Sikka Infrastructure for failing to clear dues amounting to Rs 277 crore related to a group housing plot in Sector 143B. The Authority has written to the district magistrate to recover the outstanding amount under land revenue laws, following the company's loss of eligibility for benefits under a state government policy due to non-payment.

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High

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100%

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