NOIDA, Oct. 14 -- The Noida authority has started placing public boards outside several housing societies, including Lotus Panache in Sector 110, to display pending land cost dues - a move that has drawn sharp objections from residents.

Lotus Panache, launched in 2010 by Granite Gate Properties Ltd - a subsidiary of the 3C Group - has been under the corporate insolvency resolution process (CIRP) at the National Company Law Tribunal (NCLT) since 2019. The developer reportedly owes the authority around Rs.1,200 crore. Of the two major projects launched that year, Lotus Panache (30 towers) and Lotus Boulevard (29 towers), neither met its 2014 delivery target, leading homebuyers to move the NCLT over missed deadlines and unpaid dues.

In Jan...