TRENDING NEWS
Back to news
11 Mar, 2025
Share:
SC Stays Coercive Action Against Lotus Greens Over Noida Sports City Project
@Source: news18.com
The Supreme Court, amid an ongoing investigation by the Central Bureau of Investigation (CBI), has granted interim relief to developer Lotus Greens, staying any coercive action against it in connection with the Sports City Project SC-02 in Noida’s Sector 150. The decision came in response to a plea filed by Lotus Green Constructions, which challenged an earlier Allahabad High Court ruling. A bench comprising Justices MM Sundresh and Rajesh Bindal stated in its order: “Permission to file a Special Leave Petition is granted… Issue notice. In the meantime, the proceedings shall go on, but no coercive steps shall be taken.” Last month, the Allahabad High Court ordered a CBI investigation into alleged irregularities in the Sports City project, citing violations in its execution. Even though Lotus Greens withdrew its writ petitions, the high court, on February 24, 2025, directed the CBI to file a complaint against all officials and developers allegedly involved in the matter. Additionally, the court instructed Noida Authority to issue notices to all stakeholders within a week, demanding full payment of outstanding dues, including interest and penalties. Following the order, Noida Authority issued a press release last week, asking realtors to clear their dues within a month. The total outstanding amount on the Sports City project is estimated to be around Rs 2,700 crore, including interest and penalties. A spokesperson for Lotus Greens said, “The company has full faith in the honourable apex court. We are hopeful that the apex court’s intervention would deliver much-awaited justice to the consortium partners and their home buyers.” Regarding the project’s timeline, the spokesperson said: “Land was allocated to the company in 2014, and the master plan was approved in 2017. However, a ban was imposed in January 2021. Despite this, work on cricket, multi-purpose playfield, and a golf course was already underway before the ban, even during Covid-19 restrictions. The Noida authority, during a PAC hearing, acknowledged that these sports facilities were in progress and would have been completed in six months if the ban had not been imposed.”
For advertisement: 510-931-9107
Copyright © 2025 Usfijitimes. All Rights Reserved.