GREATER NOIDA, Aug. 4 -- The Allahabad High Court has stopped the Yamuna Expressway Industrial Development Authority (Yeida) from cancelling the land allotment of Greenbay Infrastructure Pvt Ltd for its 100-acre township in Sector 22D. The project affects 691 homebuyers who are waiting for possession and registry of their flats.

The order came on July 30, a day before Yeida's July 31 deadline for the developer to pay Rs.118 crore in dues expired. The realty firm has already deposited Rs.60 crore and sought relief under the state's zero-period policy, citing incomplete land possession. The court directed that no coercive action be taken and asked the revisional authority to decide on the interim relief request within 10 days and conclude ...