Keshav Kunj 2

Ms. Nikita Mittal, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Anirudh Sharma (AR) and Sh. Keshav Dutt Sharma (AR) are present on the behalf of the promoter. Sh. Rakesh Kumar and Sh. Pramod Kumar, Landowners are also present. The promoter submits that presently, the Approved service plans and estimates are under process and the said approval has not yet been obtained as on date. Further, the promoter undertakes to obtain and submit the Approved Service Plans and Estimates within 6 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 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 6 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 of deficiencies mentioned above at Sr. No. 30. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above at Sr. No. 30 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.