Vatika Crossover

The matter is adjourned to 19.12.2022

Sh. Sumeet, Engineer Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Virender Dhar, Sh. Jitendra Kumar, Sh. Rahul Johari and Sh. Umashankar are present on behalf of the promoter. The AR of the promoter stated that the reply has been submitted today itself. The office to examine the same. The matter to come up on 30.01.2023.

Sh. Sumeet, Engineer Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Virender Dhar (AR), Sh. Jitendra Kumar (AR), Sh. Rahul Johari (AR) and Sh. Uma Shankar (AR) are present on behalf of the promoter. It has come to notice of the Authority that in the matter of registration certificate no. 130 of 2022 issued on 23.12.2022, an affidavit was submitted by the promoter to the effect that no sale, advertisement, booking etc. had taken place in the project “Aspiration” sector 88B. However, subsequently it was brought to the notice of the Authority that the promoter had allotted plots/ units in the said project prior to registration. Action has been initiated in this regard separately. The current registration is granted as proposed subject to the condition that in case, it is brought to the notice of the Authority at any point of time that the promoter/ applicant has allotted/ advertised/ booked plots/units in this project, then action for revocation of this registration shall be initiated in addition to other penal action applicable under the Act of 2016. The affidavit submitted regarding no sale/advertisement/marketing prior to registration is to be given by both the directors of the company. Further, the promoter/ applicant shall submit a cheque amounting to Rs 25 Lakhs as a guarantee for submission of QPR’s for the projects registered vide (RC no- 213 of 2017, 237 of 2017, 263 of 2017, 271 of 2017, 272 of 2017, 280 of 2017 and 281 of 2017) within a period of 2 months from the date of issue of this certificate. Approved subject to the above conditions.