Noida: Builder Jailed over Non-payment of Dues Worth Rs 65 Cr
A director of a private construction firm was on Thursday put behind bars by the Gautam Buddh Nagar administration over non-payment of dues amounting to Rs 65 crore, officials said.
Noida (UP), Jul 25 (PTI) A director of a private construction firm was on Thursday put behind bars by the Gautam Buddh Nagar administration over non-payment of dues amounting to Rs 65 crore, officials said.
Ashish Gupta, director of Cloud 9 project, was arrested by the Revenue Department in Dadri, they said.
"Dues amounting to Rs 65 crore towards the Noida Authority were pending for a long time with Cloud 9. Gupta has been locked up for non-payment of the dues despite notices for recovery being served on him and the firm," Dadri Deputy Collector Rajeev Rai said.
The district administration has warned other defaulters and asked them to ensure timely payment of dues towards local authorities to avoid such punishment.
The administration has several powers, including those to attach accounts and even properties of defaulters to ensure recovery, the officials said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)