Authorities began desealing of commercial banks at Sector 19 in Noida on Friday following the Supreme Court order which stayed the sealing process for six weeks.
The apex court had yesterday stayed the sealing,giving a time of six weeks till March 3 to the commercial banks.
The banks,however,say even a six-week time is too short for them to shift their premises and at least a year should be given to them for the purpose.
Earlier,the banks had moved the apex court against the authority’s drive started on February 1 following the Supreme Court’s order of January 23 banning commercial activities in residential and non-conforming areas.
On February 1,the authority had sealed eight banks and a dozen other commercial units running from residential premises by just giving a day notice.
Meanwhile,the authority has came up with a plot scheme for the affected banks in an effort to find an alternative to the ongoing crisis.
The process,however,can also face a logjam as it is likely to take more than a month to get allotment of land due to the upcoming Assembly elections in Uttar Pradesh.