NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided to file an impleadment application before the NCLAT and challenge NCLT order of February 25, 2025 in the matter of Ansal API.
Sanjay Bhoosreddy, chairman, UP-RERA said that the Ansal API had been evading its responsibilities to complete its projects and to comply with the orders of the authority. RERA has resolved to file an impleadment application in the NCLAT to not let the Ansal run away from its responsibilities and to guard the interest of the home buyers.
UP-RERA has already decided on 2,825 homebuyers’ complaints and an amount of Rs 125.39 crore, payable to the allottees, has been recovered from Ansal API. However, several allottees are still waiting for possession of their houses or plots.
The authority is also pressing on Navneet Kumar Gupta, the insolvency resolution professional (IRP), to facilitate the payments against the RERA recovery certificates (RCs) on priority.
The company has still not complied with 1,234 orders of RERA, 619 recovery certificates are pending for recovery comprising Rs 113 crore due to the allottees and another Rs 19.73 crore against 27 recovery certificates of penalty imposed against the promoter for non-compliance of the orders of RERA and violation of the RERA Act.
The authority had also imposed a penalty of Rs 14.40 crore against Ansal API in six matters in January 2025 when the promoter was found indulging in unlawful registration of sale deeds of plots without registering the land parcel in question with RERA. Recovery certificates had been sent for recovery to district magistrate Lucknow in all these matters.
UP-RERA has now sent all the recovery certificates issued against the promoter, in lieu of amounts payable to the allottees, to IRP for the payment of the same on priority. It has also sent the details of 219 orders pending under execution proceedings, for facilitating delivery of houses or plots of such allottees on priority.
Source Homevior.in
