SC stay on sealing of banks in Noida extended

Last Updated: Thursday, March 1, 2012 - 21:28

New Delhi: The Supreme Court on Thursday extended till March 12 its stay on sealing of the banks operating from residential areas in NOIDA.

"There will be no sealing of the banks by the NOIDA authority till March 12," a bench comprising justices Swatanter Kumar and Ranjana Prakash Desai said, while
extending its earlier order of January 23.

New Delhi: The Supreme Court on Thursday extended till March 12 its stay on sealing of the banks operating from residential areas in NOIDA.

"There will be no sealing of the banks by the NOIDA authority till March 12," a bench comprising justices Swatanter Kumar and Ranjana Prakash Desai said, while
extending its earlier order of January 23.

The bench made it clear that failure to file the
affidavits within the timeframe would lead to the sealing of
premises by NOIDA authority.

The bench was hearing intervention applications filed by
19 banks aggrieved by the court`s December 5, 2011, judgement.

The apex court had earlier ruled that banking, hospitals
and other commercial activities cannot be carried out from
plots in Noida developed for residential purpose and ordered
21 banks and nursing homes in Sector 19 to immediately close
their operations.

"That banking or nursing homes or any other commercial
activity is not permitted in Sector 19 and for that matter,
in any sector, in the development area earmarked for
residential use," the bench had said.

The apex court had asked the CEO to identify alternative
sites near residential areas in two weeks and complete the
allotment process in the next four weeks. It has also sought a
status report from the CEO on the compliance of its December
2011 directive.

PTI



First Published: Thursday, March 1, 2012 - 21:28

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