Former cricketer Munaf Patel in trouble: Noida authorities freeze his bank accounts to recover money

The Noida district administration has frozen the bank accounts of former Indian cricketer Munaf Patel after a Recovery Certificate (RC) was issued by the UP Real Estate Regulatory Authority (UP-RERA). The action has been taken to recover Rs 52 lakh from the cricketer, said Alok Kumar Gupta, sub-divisional magistrate (SDM) of Uttar Pradesh Real Estate Regulatory Authority (UP RERA), reported Moneycontrol.

The ex-cricketer is a director in a real estate company Niwas Promoters Private Limited, which had undertaken a residential project and failed to repay investors. Following that, a RC was issued by the UP Real Estate Regulatory Authority (UP-RERA).

Alok Kumar Gupta further said that the revenue team seized the bank accounts of the former cricketer and recovered the amount.


According to the district administration of Gautam Buddh Nagar, Niwas Promoters had started a residential project in sector 10 in the Greater Noida West sector, but the project is still not completed. The action against promoters, including Patel, was taken after investors filed a complaint with the UP RERA. After the hearing, the UP RERA issued the RC on the real-estate firm for recovering Rs 10 crore worth of investors’ money.

Recovery certificates are orders that are issued by the regulatory authority asking builders to clear homebuyers’ dues if the builders have failed to deliver projects within the deadline.