Three Ansal Group Directors Arrested Over Rs 77.66 Crore RERA Dues

Three directors associated with the Ansal Group have been arrested over the non-payment of outstanding RERA dues exceeding Rs 77.66 crore in Greater Noida, with the district administration ordering their detention for up to 15 days.

The arrests were carried out on November 11 by a joint team of the police and revenue department following the issuance of arrest warrants under the Uttar Pradesh Revenue Code, 2006, the Gautam Buddh Nagar district administration said on Thursday.

The directors have been identified as Shriram, Mohammad Aleem and Tasleem Siddiqui. According to Dadri Sub-Divisional Magistrate (SDM) Arun Kumar, dues amounting to Rs 77,66,80,434, along with interest, were pending against Ansal Hi-Tech Townships Ltd and Uttam Steels Associates Ltd.

The outstanding amount relates to recovery certificates issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) and was being treated as land revenue dues.

Following their arrest, the three directors were produced before the SDM and given an opportunity to present their case. They were asked to either deposit the outstanding amount or furnish adequate security to secure the payment.

However, as they neither cleared the dues nor provided sufficient security, the SDM ordered their detention for a period not exceeding 15 days to facilitate recovery of the amount. An order was subsequently sent to the district jail superintendent for their custody in accordance with the law.

Kumar said the district administration had accorded priority to recovering pending dues under RERA recovery certificates and those issued by other departments.

He warned that strict legal action, including attachment of bank accounts and movable and immovable properties, their auction and arrests, would be initiated against builders and other long-standing defaulters.

The administration has also urged defaulters in Dadri tehsil to clear their outstanding dues immediately, warning of further action in case of non-payment.