Part-2: Where is the Sports Infra in 'Sports City'

Table-3: Sports City S Sl Plot SC-01 Sec-78, 79 & 101 Name of the Sub-Allottees Area (in sqm) Sub-Division (in Sqm) Date of Inc. Whether under IBC/sol 1 SC-01 Sec-78 Xanadu Infratech Pvt Ltd 14,272 10.03.2011 None SC-01/A Sec-79 Sequel Buildcon Pvt Ltd 100,000 10.03.2011 2 SC-01/A1 Alpha Sequel Buildcon Pvt Ltd 30,000 10.03.2011 None 3 SC-01/A1 Beta Pinnacle Superstructures Pvt Ltd 20,000 09.12.2011 4 SC-01/A2 Arena Superstructures Pvt Ltd 50,000 15.06.2012 CIRP/IBC SC-01/B Sec-79 Sequel Building Concepts PL 48,000 10.03.2011 5 SC-01/B1 Sequel Building Concepts Pvt Ltd 24,000 10.03.2011 6 SC-01/B2 Golfgreen Buildcon Pvt Ltd 24,000 21.06.2012 Sold in FY16 SC-01/C Sec-79 3C Green Developers Pvt Ltd 312,209 30.12.2010 CIRP/IBC 7 SC-01/C1 3C Green Developers Pvt Ltd 166,459 30.12.2010 CIRP/IBC 8 SC-01/C2 Robust Innovations Pvt Ltd 8,000 30.12.2010 9 SC-01/C3 Piyush IT Solutions Pvt Ltd 28,000 22.06.2011 CIRP/IBC 10 SC-01/C4 3C Infra Creations Pvt Ltd 24,000 Sold in FY16 11 SC-01/C5 3C City Developers Pvt Ltd 20,000 Sold in FY16 12 SC-01/C6 Water e-Pearl Softech Pvt Ltd 24,000 Sold in FY15 13 SC-01/C7 3C Builders Pvt Ltd 16,000 Sold in FY16 14 SC-01/C8 3C Builders Pvt Ltd 25,750 Sold in FY16 SC-01/D Sec-79 Kindle Developers Pvt Ltd 100,000 10.03.2011 Sold in FY13 15 SC-01/D1 Kindle Developers Pvt Ltd 40,000 CIRP/IBC 16 SC-01/D2 Golfgreen Residency Pvt Ltd 10,000 Sold in FY16 17 SC-01/D3 Golfgreen Estates Pvt Ltd 25,000 13.06.2012 Sold in FY16 18 SC-01/D4 Golfgreen Mansions Pvt Ltd 25,000 14.06.2012 Sold in FY16 SC-01/E Sec-79 Xanadu Realcon Pvt Ltd 80,000 10.03.2011 Sold in FY13 19 SC-01/E1 Gaursons Sportswood Pvt Ltd 40,000 10.03.2011 None 20 SC-01/E2 Golfgreen Infra Pvt Ltd 20,000 None 21 SC-01/E3 Golfgreen Superstructures Pvt Ltd 20,000 None 22 SC-01A Sec-101 3C Green Developers Pvt Ltd 19,170 30.12.2010 CIRP/IBC 23 SC-01B Sec-101 3C Green Developers Pvt Ltd 29,350 30.12.2010 CIRP/IBC Total 703,001 703,001 No Allotment of Plot/Land to 3 Lead Member XEPL has no stakes in Sub-Plots SC-01/A1 Alpha, SC-01/A1 Beta, SC-01/A2, SC-01 Part-2: Sports City Scam www.infralive.com 30 InfraLIVE November 15, 2022 Xanadu Inf ra t ech Pv t Ltd (XIPL) , a relevant member of the consortium, was incorporated on March 10, 2011. Its authorized share capital is Rs 100,000 and its paid-up capital is Rs 100,000. XEPL was not allotted any sub-plot directly in sector 79. It was however allotted a sub-plot of 14,272 sqm in Sector 79, which was later on sold to third parties. Further, it had share from 9.5 pc to 25 pc stake in the SPC which was allotted signifi- cant sub-plot of 312,000 sqm in the Sport City SC-01 in Sector 78 & 79, out of which 146,500 sqm area was sub- divided and allotted to seven other companies. XIPL has also become in effect a defunct company as its AGM was last held on September 28, 2017 and as per records from MCA, its balance sheet was last filed as onMarch 31, 2017. September 30, 2016 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed as on March 31, 2016. It is therefore evident that the lead member of the consor- tium has not been able to meet any of its commitment stipulated in the brochure after taking plot.