Transaction audit of Noida-based Logix Infratech reveals shady deals

In September 2022, after Logix Infratech was referred to the bankruptcy court, the list of Noida-based builders lining up at the insolvency arbitrator grew bigger, leaving thousands of homebuyers in the lurch. That was an alarming indicator of the deep rot in Noida’s real estate sector. Logix Infratech Private Ltd is under the scanner for allegedly manipulating its financial statements, siphoning off funds received from its homebuyers to dubious