Greater Noida: To restore land allotment contributions from the developer, the district government has decided to monetize absent operational assets.
To start, administration will take over the Gondola Wahana operation at the Grand Venice Noida’s Grand Venice.
Big bait for visitors, the gondola vehicle has been stopped since the first wave of pandemic.
However, officials said that the money was collected through the gondola rides as well as operational facilities would be used to resolve greater noida authority contributions.
Located close to Pari Chowk, some recovery notifications have been issued for developers of malls – Private Limited direct sales fog and the Bhasin Group.
Apart from the larger up-ra and Noida Authority, the two companies also face a process initiated by financial institutions and banks.
Additional DM (Finance and Revenue) Vandita Srivastava to Tii, “We realize that the Gondola vehicle is being operated by one of the companies, who must complete the contribution.
Even though there are reminders, no one is advancing to pay the amount.
Therefore, we make a decision to take over Gondola vehicle operation.
“The source revealed that the actions against the company had also been initiated under the securitization and reconstruction of financial assets and enforcement of security interests.
District entertainment officer, JP Chand said, “We have ordered.
At present there is no vehicle operated in the mall.
After the operation starts, we will collect income and forward it to the administration.
Meanwhile, the old record and financial statements will be sought to determine how much Income produced through a vehicle in a month.
“The Mall owner was arrested in December 2020 by police suspected of deceiving investors.
Even though no one took the numbers mentioned on the Mal website, an executive who worked at the mall said, “We cannot comment on this problem because we have no same detail.
Law options can be evaluated after administrative orders are examined.”