Emperium Titan

Ms. Deepika, Planning Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the project. Sh. Sujat Ali (AR), Sh. Ravinder Saund (Director), Sh. Hardeep Singh (Director) are present on behalf of promoter. The Authorized Representative of the promoter submits that the land applied for registration u/s 4 of the Act, 2016 is free from any kind of litigation. Accordingly, an affidavit from the Managing Director to this effect is also being submitted. At present, the fire Scheme approval, approved service plans and estimates, approved electrification plan, and final road access permission are under process, and the said approvals have not yet been obtained as of date. Further, the Authorized Representative of the promoter undertakes to obtain and submit: i.           Fire Scheme approval & approved service plans and estimates within 6 months from the date of grant of registration; ii.         Approved Electrification plan within 6 months from the date of grant of registration; iii.       Final road access permission after constructing the access road within the stipulated timeline i.e. 03.11.2026; and iv.       Mining permission shall be submitted before the commencement of construction at the site. Further, he undertakes to submit the two Demand Drafts amounting to Rs. 25 lakhs each, as a security deposit for timely compliance with the above requirements at point (i). It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approval within the stipulated time frames, the said security amount shall be liable to be forfeited by the Authority. The Authority has taken note of the submissions made by the Director 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 the two Demand Drafts amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each, in favour of the Authority as security amounts for timely submission of fire scheme approval and approved service plans and estimates within 6 months from the date of grant of registration. In the event of non-submission 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. Further, the promoter shall submit: 1.      Approved electrification plan within 6 months from the date of grant of registration; 2.      Final road access permission after constructing the access road within the stipulated timeline, i.e., 03.11.2026; and 3.      Mining permission shall be submitted before the commencement of construction at the site. Approved as proposed subject to rectification of deficiencies mentioned above. The Registration Certificate shall be issued after submission of the remaining deficiencies mentioned above including correction in Form A–H, online DPI and submission of two Demand Drafts of Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each for submission of fire scheme approval and approved service plans and estimates within the time frame mentioned above, along with the deficiency mentioned at S. No. 33.