HC stops Yeida from cancelling Greenbay land
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 proceedings within four weeks.
"As an interim measure, it is directed that the revisional authority (Uttar Pradesh industrial development authority) shall ensure the two revision cases filed by the petitioner are concluded quickly, preferably within four weeks. The interim relief application filed by the petitioner shall also be considered within ten days from today. Until the interim relief application is decided, no action shall be taken in furtherance of the communication dated 8.7.2025," said Allahabad High Court justice Pankaj Bhatia in the order dated July 30 in response to the plea filed by the realty firm. The court further ordered the case to be listed after four weeks.
"In the meantime, the revisional authority shall send the compliance report and any order passed under the directions," added the order.
"We will follow the Allahabad High Court order, and do the needful as per the law," said a Yeida official. "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 owes Rs.7.59 crore in lease rent," said a second Yeida official.
"We paid Rs.40 crore in June, and now Rs.20 crore has been paid in July. We demanded additional time to pay the remaining dues. We also demanded that Yeida must not recover additional farmers' compensation because 70% of the land is not of farmers but of the state government. We also demanded that Yeida should give us permission for the registry so that we can raise the funds to pay. The authority failed to give possession of 70% land till 2019. Even today Yeida failed to give us possession of 30 acres of land affecting the development," said Amit Kumar Sharma, project director Greenbay Infrastructure Private Limited.
"We have been waiting for registry for the last 15 years but we only get assurances from both the authority and the developer," said Manoj Kumar, a homebuyer....
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