200 Noida society residents get eviction notice from bank

More than 200 families living in a Noida housing society since 2015 have got notices from a bank asking them to vacate their houses by August 20, The Times of India has reported. The notices, sent by the Union Bank of India, were served to residents of Gardenia Gateway in Sector 75 on August 5. The documents mentioned that the developer — Gardenia India Ltd — had taken a loan of Rs 78.45 crore on December 31, 2015, and had not made any repayment since. The developer had mortgaged the project for the loan, the notice said. It added that the bank was well within its rights to attach the property to recover the debt.

For more videos, subscribe to our channel:
Check out the editorji Website for more news:

To Stay Updated, Download the editorji App:
Google Play Store:
Apple App Store:

Follow editorji here:
Facebook:
Twitter:

Instagram:
--------------------------------------------------------------------------------------------

editorji,editorji app,vikram chandra,unbiased news,latest news,trending,media,daily news,news on app,Noida society residents,Union Bank of India,Gardenia India Ltd,Gardenia Gateway,Noida sector 75,eviction notice from bank,