Supreme Court Halts Coercive Action Against Lotus Greens in Noida Project Scandal

The Supreme Court ordered a stay on coercive actions against Lotus Greens over alleged irregularities in its Noida project. This follows an Allahabad High Court order mandating a CBI probe into the project's execution. The developer and Noida authority face scrutiny over financial discrepancies.

The Supreme Court has issued an order to halt any coercive actions against Lotus Greens, a real estate developer implicated in irregularities concerning its Noida project. The decision came as part of an appeal filed by the developer following unfavorable judgments by the Allahabad High Court.

The appeal was considered by a bench comprising Justices M M Sundresh and Rajesh Bindal, who have called upon the Uttar Pradesh government and other entities for responses. This development arrives after the high court directed a CBI probe into the Sports City project's operations, highlighting serious violations.

Officials and stakeholders associated with the project face intense scrutiny, particularly from the Noida authority, which was instructed to collect outstanding dues. Lotus Greens expressed optimism, emphasizing their trust in the apex court for a resolution that would satisfy all parties involved.

(With inputs from agencies.)