Finance
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In a recent happening, the Gautam Buddh Nagar administration recovered outstanding dues of Rs. 1.28 crores from three developers in the city. According to the officials, all these builders were having unclear dues toward the Yamuna Expressway Industrial Development Authority [YEIDA] and the Real Estate Regulation Authority [RERA].

The officials said, the authority issued Recovery certificates against Emporio Structure Private Limited and Supertech Private Limited in regard with their outstanding dues to RERA and the same was issued against the Greenday Infrastructure Private Limited for outstanding dues to YEIDA.

The Gautam Budh Nagar administration released a statement and informed that Rs. 1,28,79,000 was recovered in total from all three developers. 

The joints teams of Deputy Collector Abhay Singh, Sub-Divisional Magistrate Rajpal Singh and Revenue officials Sanjay Mishra and P L Maurya recovered nearly Rs. 22.62 lakh from Emporio Structures, Rs. 77.67 lakh from Greenday Infrastructures and Rs 28.50 lakh from Supertech, the statement said.

A person or a group receives notice and 15-days to pay the outstanding dues after a Recovery Certificate [RC] is issued against him/her. This recovery action is taken if the person or a group fails to clear the dues within the given period. The Recovery Certificate is first sent to the district administration who hold rights to take necessary actions. This includes attachment of accounts and properties in order to make recovery of the pending dues.

Few days back, the Gautam Budh Nagar administration recovered outstanding dues of Rs. 1 crore from Supertech and Mahagun.

Shilpa Sardare Jain
Shilpa Sardare Jain is a journalist and works as a content writer with us. Her journalistic background helps her cater the viewers with accurate news about everything around. She is experienced at writing articles, blogs, features and news related to different genres. She started her career with News24 News channel and then worked with a leading digital media channel One India News and few others. Shilpa Sardare Jain is a joyful person who loves to explore new places and food when not working. Also, she has the zest for reading autobiographies of politicians who took the world by storm.