Noida Authority cancels lease deeds of 3 banks, one hotel

NOIDA: The Noida Authority on Wednesday issued a recovery certificate following cancellation of lease deed of three banks, a hotel and an individual allottee for non-clearance of revenue dues towards the Authority. These include State Bank of India, B block sector 2 which owes Noida Authority a sum of Rs 144.13 crore, Canera Bank which owes Rs 6.16 crore and Vijaya Bank owes Rs 1.67 crore in sector 6.
Others include Gopala Hotels at B 12 Rajnigandha shopping complex sector 15 (which owes authority a sum of Rs 3.32 crore and KK Mishra of 1A block G sector 3 (owes Rs 1.61 crore).
"We will be cancelling more lease deeds of defaulters in coming days who have not cleared their rent dues towards Authority," said Ritu Maheshwari CEO Noida Authority.