JUDGMENT

1. IA No. 55 is dismissed as withdrawn.

2. Learned Counsel for the NOIDA Authorities has placed on record the status report dated 16th July, 2012 showing the various steps that the authorities have taken in furtherance to orders of this Court. Having heard the learned Counsel appearing for the parties at some length, we pass the following directions:

1. Admittedly, the lease deed has been executed in various branches of the State Bank of India. Let possessions of the plots be handed over to them within one week from today.

2. Within 15 days from today, the drawings/plans for sanction of the Authority for raising the construction should be filed. The plan shall be considered by the Authority concerned within a period of two weeks. Thereafter, appropriate orders be passed and communicated to the Banks. The construction in accordance with the sanction plan should be completed within seven months from today. In the event, any of the conditions afore-noticed is not complied with by the Authority or the State Bank of India, none of them would be entitled to any extension and the bank premises being run from the residential premises shall be sealed.

3. In regard to the Indian Bank, it