| 13-Oct-2025 |
Ms.
Nikita Mittal, Planning Executive and Sh. Ashish Dubey, Chartered Accountant
briefed about the facts of the case.
Sh.
Manish Periwal (Chairman & MD), Sh. Rakesh Bohra (AR), Sh. Vikas Sharma
(AGM) and Sh. Vikram Khatter (Sr. Manager) are present on the behalf of the
promoter.
The
promoter is directed to submit the revised NEC in which clarification is needed
from tehsildar regarding the encumbrance of land u/s 4 & 6 of the Land
Acquisition Act. Meanwhile, it is directed to submit the deficit fee as
conveyed along with the remaining deficit documents.
The Authorized Representative
of the promoter submits that presently, approved service plans and estimates is under process and the said
approval has not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit approved
Service Plans and Estimates within 4 months from the date of grant of
registration. Further, he undertakes to submit a Demand Draft / Bank Guarantee
amounting to Rs 25 lakhs, as a security deposit for timely compliance with the
above requirement. It is also expressly undertaken that in the event of failure
to obtain and submit the aforesaid approval within the stipulated time, the
said security amount 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 approval as on date.
In view of the above, and in the interest of regulatory compliance, the Authority
hereby directs that the promoter shall submit a Demand Draft / Bank Guarantee
amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only), in favour of the
Authority, as security amount for timely submission of the same within 4 months
from the date of grant of registration.In the event of
non-submission of any of the above approval within the prescribed time, the said
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. In view of the
above, the registration of the said project is approved as proposed subject to
rectification of remaining deficiencies. The registration certificate shall be
issued after compliance with the remaining deficiencies mentioned above and
necessary corrections in form A to H and DPI.
|
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |