| 31-Aug-2026 |
Ms. Nikita Mittal, Planning
Executive and Ms. Asha, Chartered Accountant briefed about the facts of the
project.
Sh. Sandeep Dhiman (AVP, AR),
Sh. Mohammad Asim (Head Liaisoning), Ms. Urvashi Wadhawan (AR) and Ms. Ishita Bhardwaj
are present on behalf of promoter and submits that the 11KV LT line is
presently passing through the project site. He further submits that necessary
measures shall be taken by the promoter, in coordination with the concerned
department, for shifting the LT line underground. The promoter undertakes to
submit an affidavit to this effect.
The AR of the promoter
further submits that a Special Power of Attorney (SPA) has been executed
between the landowners and M/s Faith Buildtech Pvt. Ltd. and undertakes to
submit the same in the Authority today.
With regard to
the approved Service Plans and Estimates, the AR of the promoter submits that
the same are presently under process with the concerned department and approval
thereof has not been obtained as on date. The promoter undertakes to obtain and
submit the approved Service Plans and Estimates within a period of four months
from the date of grant of registration.
In
view of the above undertaking, the promoter further 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 frame, the said security amount shall be
liable to be forfeited by the Authority.
The
Authority has taken note of the submission made by 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 Approved 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 approval within the prescribed
time frame, the 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/compliance of the deficiencies mentioned
at Sr. No. 32.
The
Registration Certificate shall be issued after submission of an affidavit with
regard to shifting of 11KV LT Line along with the remaining deficiencies
mentioned above at Sr. No. 32 including corrections in A-H form, Online DPI and
submission of BG/DD of Rs. 25 lakhs for submission of approved Service plan and
Estimates within the timeframe mentioned above. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |