Overview
- The campaign started at Lotus Panache in Sector 110 and Supertech Eco City in Sector 137, where boards now display outstanding land dues.
- Officials say more group housing sites, including projects under NCLT proceedings, will get boards, with lists and photographs to be posted on the Authority’s website.
- Noida Authority CEO Dr. Lokesh M describes the effort as an information drive rather than punitive action and says nearly ₹25,000 crore is owed across projects.
- Residents and the appointed resolution professional contend the move violates insolvency moratorium rules under CIRP and plan to issue notices before approaching the NCLT.
- Lotus Panache has been under CIRP since 2019 and reportedly owes about ₹1,200 crore, while the Authority reiterates it may use plot cancellations, sealing of unsold inventory, and land revenue recovery to enforce dues.