Industrial Plot No.1, Sector 90, Noida

Industrial Plot No.1, Sector 90, Noida www.infralive.com 36 Infra LIVE June 15, 2022 to the Lessee/ Company /Contractor's Right/ Title/ Interest in the Said Land and rights to sell and develop the Project. The above shows that Bhutani group has entered into a develop- ment arrangement with CBS, which is not permissible under the provisions of lease deed without approval of the Noida Authority. Further they have not submitted the registered Development/ Joint Development/ Collaboration agreement with the Noida Author- ity, as required under the terms and conditions of the lease deed (see scan-A at pg 34). In response to the draft report of the CAG, the Noida Authority had submitted that the project name Alphathum and the pro- moter Bhutani Group was not available on its records. The Authority also did not take any action even after the Constitu- Scan-B (2 of 5)