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Munaf Patel Lands In Trouble: Two Bank Accounts Freezed, ₹52 Lakhs Recovered
The Gautam Buddh Nagar administration freezed two bank accounts and recovered ₹52 lakhs from Munaf Patel after receiving a recovery notice from UP RERA.
16 December 2022 • 2:21 PM
Trouble For Munaf Patel Two Bank Accounts Freezed, ₹52 Lakhs Recovered - Here's Why (File Photo)
New Delhi: Former India fast bowler Munaf Patel has got into hot water as the Gautam Buddh Nagar administration freezed two of his bank accounts and recovered ₹52 lakhs from the 2011 World Cup winner after receiving a recovery notice from UP RERA.
The amount that was recovered from both the accounts which were freezed will be distributed among the people who had invested in Nivas Promoters Private Limited. It is learnt that the alleged firm had Munaf as the director of the company.
Talking about the incident, District Magistrate of Gautam Buddh Nagar Suhas Lalinakere Yathiraj said, “In Greater Noida’s sector 10, Nivas Promoters Private Limited was constructing One Leaf Troy, a residential project. A lot of people had bought homes but didn’t get the delivery. They approached UP RERA with their complaints, and the body issued notice against the builder.”
“We tried to recover the amount from the builder, but they didn’t pay anything. In the end, we have to take action against Munaf Patel, the company’s director. We have seized his two accounts in Noida and Gujarat,” he further added.
UP RERA owes approximately ₹10 crore against the builder, much of which is yet to be recovered. There are other company directors involved as well other than Munaf and the administration has already started confiscating the properties of all the directors of the alleged company. The administrative team is also contemplating taking legal action on the alleged non-payment by the builder.
The Nivas Promoters had registered their project with UP RERA in 2017 and the said registration is about to get over this year.