Paras Floret

Proceedings dated 12.09.2022 Ar. Neeraj Gautam, Associate Architectural Executive and Ms. Asha, Chartered Accountant briefed about the facts of the case. Sh. Abhinav Verma (Manager-Legal) is present on the behalf of the promoter.  As per the information provided in the DPI, there is a proposed loan of Rs. 60 crores from L&T. However, the AR (legal) is submitting an undertaking that the said loan has not yet been availed. However, while seeking the sanction of the loan the status of land is already mortgaged and there is still a lien of financial institution M/s L&T and hence a non-encumbrance from the financial institution is required. The AR to submit the necessary clarification/documents to Sh. S.C. Goyal, Registrar who is now looking after the work earlier assigned to Sr. L.O. Smt. Geeta Rathee Singh to examine the documents along with CA of the Authority. The deficit documents be also submitted as per above. The matter to come up on 27.09.2022.

Ar. Neeraj Gautam (Associate Architectural Executive) briefed about the facts of the project and following major deficiencies have pointed out i.e.              (1).         Zoning Plan.          (2).           Demarcation Plan.          (3).           Approved service plan and estimates.   (4). Revenue sharing, development, marketing rights clarification.                   The matter is adjourned for 11.10.2022. 

The major deficiencies are Approved Zoning plan. Approved demarcation plan. Approved service plan and estimates. Revenue sharing, development, marketing rights clarification. The promoter is further advised to rectify the deficiencies and submit the deficient document apart from filing information in REP-I A to H format and detailed project information.  Matter to come up on 26.10.2022.