India, Nov. 13 -- Three directors associated with two firms were arrested on Wednesday by a joint team of police and revenue department over Rs.77.66 crore in unpaid dues, including interest, officials said on Thursday.

The directors were produced before Dadri sub-divisional magistrate (SDM) Arun Kumar, who ordered that they be held in judicial custody for up to 15 days, the district administration said.

The action followed recovery certificates issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). The companies owed Rs.776,680,434, which was being recovered as land revenue arrears, said officials.

The administration said notices had been served to the companies, giving them an opportunity to pay the dues or provide a...