Ghaizabad, Feb. 7 -- Those who have commercial or residential properties allotted by the Ghaziabad development authority (GDA) or by the UP Avas Vikas Parishad, but have become defaulters, will now have a chance to clear their dues and gain incentives with the One-Time Settlement (OTS-2020) scheme announced by the Uttar Pradesh cabinet.

According to the present terms of the OTS, announced by the UP cabinet on Wednesday, the defaulters will have four months to clear their dues if the default amount is less than Rs.50 lakh. Those with larger dues will get seven months for repayment.

The GDA had written to the state government last year and said the OTS would help them recover payments from defaulters, including 62 major defaulters who were ...