| 13-Oct-2025 |
Ar. Neeraj Gautam, Associate Architectural
Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of
the project.
Sh. Abhijeet Singh (AR), Sh. Manik
Sharma (AR) and Sh. Bharat Vigmal (AR) are present on behalf of the promoter.
The Authorized Representative of
the promoter submits that presently, the Fire Scheme Approval and service plans
& estimates approval are under process and the said approvals have not yet
been obtained as on date. Further, the AR of the promoter undertakes to obtain
and submit the Fire Scheme Approval and Approved Service Plans and Estimates
within 4 months from the date of grant of registration. Further, he
undertakes to submit two Demand Drafts / Bank Guarantees amounting to Rs. 25
lakhs each, as a security deposit for timely compliance with the above
requirements. It is also expressly undertaken that in the event of failure to
obtain and submit the aforesaid approvals within the stipulated time frames,
the said security amount(s) shall be liable to be forfeited by the Authority.
The Authority has taken note of
the submissions made by the Authorized Representative of the promoter regarding
the non-availability of the aforesaid statutory approvals as on date. In view
of the above, and in the interest of regulatory compliance, the Authority
hereby directs that the promoter shall submit two separate Demand Drafts / Bank
Guarantees, each amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only),
in favour of the Authority, as security amounts for timely submission of the
following approvals:
a. Fire Scheme Approval: within 4
months from the date of grant of registration; and
b. Service Plans and Estimates:
within 4 months from the date of grant of registration.
In the event of non-submission of
any of the above approvals within the prescribed time frames, the corresponding
security amount shall stand forfeited by the Authority, and such failure may
also attract additional regulatory action as permissible under the Act of 2016,
Rules and Regulations made thereunder.
Approved as proposed
subject to rectification of deficiencies mentioned above.
The Registration Certificate
shall be issued after submission of corrected REP-I and deposition of two BG/DD
of Rs. 25 lakhs each for submission of Fire Scheme approval and Service plan
and Estimates within the timeframe mentioned above. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |