Noida – Strict action is being taken by the Noida district administration against the defaulting builders. After Supertech, now the district administration has tightened the noose on Wave Group. The group’s bank account has been frozen for non-payment of dues. ADM Finance and Revenue Vandita Srivastava told that there is an RC of about 16 crores on Wave Mega Group. About Rs 25 crore is to be recovered from him including the dues of his other groups.
Wave Mega Group’s bank account Seized
Wave Mega Group’s bank account has been frozen for non-payment of dues. About Rs 85 lakh has been reported in this account. The bank has been instructed to confiscate the money and not to do any transaction in the account. He said that orders have also been issued to seal the office of Wave Group. Apart from this, action is also being taken against other builders.
Offices of five builders have been seized in the last one week. Apart from this, a case has been registered against JSS Group at Bisrakh police station for breaking the seal of the project sealed by the district administration and its movable and immovable property will be confiscated.
