Director of Noida-based Mist Avenue arrested over pending stamp duty

Director of Noida-based Mist Avenue arrested over pending stamp duty
24/08/2018 , by , in News/Views

The director of a private builder’s group here was arrested today by the revenue department after the firm allegedly failed to clear a stamp duty of Rs 12 lakh, officials said. Satinder Bhasin, of the Mist Avenue Private Limited, was arrested and the office of the group in Sector 143 seized, they said.

The pending dues are in connection with an upcoming housing project of the group in Sector 143 D, Subdivisional Magistrate (SDM) Rajpal Singh said.

“Bhasin has been arrested by a revenue department team. He is being taken to jail. If he can remit the money and get the dues cleared before being lodged in jail, he can be released. Otherwise, it will be a long procedure,” the SDM told tonight.

An order for recovering the stamp duty (of Rs 12 lakh) — known as recovery certificate (RC) — was issued by the Real Estate Regulatory Authority (RERA).

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