Supreme Court refuses to pass order on Noida plea on Unitech’s surplus land

New Delhi: The Supreme Court Monday refused to pass any order on a plea by Noida Authority seeking return of 277 acre surplus land, worth Rs 8,000 crore, given to embattled realty firm Unitech Ltd on lease for housing projects which have not been built. The top court told Noida Authority that it would be appropriate to wait till the newly constituted Board of Directors of the company submits a resolution plan.

“At present, we cannot allow Noida to walk away with the surplus land, which would not be appropriate. Once the newly constituted board of directors submit a resolution plan, then we will see what to do with the surplus land,” said the bench.

Solicitor General Tushar Mehta said that 347 acres of land was given to Unitech by the authority in three sectors for housing projects but in major chunk of land, no construction has been made.