Noida, Jan. 31 -- In a significant development, the District Consumer Forum has issued an arrest warrant against Uttar Pradesh State Industrial Development Authority (UPSIDA) CEO Mayur Maheshwari for failing to hand over possession of an 800-square-metre industrial plot in Surajpur, despite a court order in a decades-old case.

The forum has, however, granted Maheshwari an opportunity to secure bail by furnishing a bail bond of Rs 50,000, along with a surety of the same amount. He has also been directed to appear before the forum on February 28 for further proceedings.

The case dates back to 1989 when entrepreneur Mahendra Kumar H Advani was allotted a plot in Surajpur Site C. A formal agreement was executed in February 1990, but UPSIDA ...