The Select Premia

The matter is adjourned and fixed for 14.09.2026.

The matter is adjourned to 12.10.2026.

Sh. Ashish Kush, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the case. Sh. Jetaish Gupta (Partner) is present on behalf of the promoter. The Authorized Representative of the promoter submits that an application dated 06.07.2026 has been submitted before the Authority seeking amendment of the existing Registration Certificate No. 15 of 2024 dated 13.05.2024, which is valid up to 28.02.2029 (as per the declared timeline for completion of the project under Section 4(2)(l)(C) of the Act, 2016). Presently, Revised Fire Scheme Approval, Revised service plans and estimates and Re-validated Mining permission are under process and the said approvals have not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit: i.       Revised Fire Scheme Approval and Revised Service Plans and Estimates within 6 months from the date of grant of addendum Certificate; and ii.     Re-validated Mining Permission within 6 months from the date of grant of addendum Certificate. Further, he undertakes to submit two Demand Drafts/Bank Guarantees 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 approvals within the stipulated time frames, the said security amount(s) 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 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 two separate Demand Drafts/Bank Guarantees, each amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only), in favour of the Authority, as security amounts for timely submission of Revised Fire Scheme Approval and Revised Service Plans and Estimates within 6 months from the date of grant of Addendum Certificate. In the event of non-submission of any 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 the Revalidated Mining permission within 6 months from the date of grant of addendum Certificate and the promoter shall submit an affidavit by partner of the firm stating that the Mutation and Jamabandi duly certified by revenue officer shall be duly submitted after resolving the technical issue of the new portal of the revenue department. The conditions to the said effect shall be incorporated in the Addendum Certificate. Approved as proposed subject to rectification of deficiencies mentioned above at S. No 38. The addendum certificate shall be issued after submission of remaining deficiencies mentioned at S. No 38 including correction in A-H form, Online DPI, Final Approval of change in free account and submission of two BG’s/DD’s of Rs. 25 lakhs each for submission of Revised Fire Scheme approval and Revised Service plan and Estimates within the timeframe mentioned above.