GREATER NOIDA, June 26 -- The Yamuna Expressway Industrial Development Authority (Yeida) has issued a final notice to Greenbay Infrastructure Pvt Ltd, warning that its 100-acre township allotment in Sector 22D, Greater Noida, will be cancelled if it fails to deposit Rs.117 crore by June 30.

"Despite part-payment, Greenbay failed to pay the first instalment of Rs.101.90 crore due on January 15 and missed the revised April 15 deadline. It also owes Rs.7.59 crore in lease rent," said Yeida CEO Arun Vir Singh.

Under the state's stalled projects policy (December 21, 2023), Greenbay was asked to pay 25% of recalculated dues of Rs.441.17 crore - Rs.110.29 crore - by April 28, 2024.

According to Yeida officials, an instalment plan for the rema...