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

Sector – 78, 79 & 101 ld RERA Regd Project / Remark First date of transfer Present owners of sub-plots No AGM/Accounts after FY17 NA IPPL; LRPL; LGDPL (BHPL); YDPL Belevedere Ph-1 & 2; 50% completed 06.08.2014 Anjara India Ltd (99.94%); 6 individuals of 0.1% each Sikka Kimantara Greens 02.01.2015 Sara Buildcon Pvt Ltd (75%); Sikka Promoters Pvt Ltd (25%) Lotus Arena Ph-1 04.06.2014 Cruze Properties Pvt Ltd (85%); Vistar Developers Pvt Ltd (15%) 6 Hilston Ph-1 & Ph-2 11.11.2012 ZPPL 25%; SSBPL 25%; Arun Kr Ghai 50% No AGM /Accounts since FY19 Lotus Yardscape Ph -1 12.02.2012 XEPL 75%; XIPL 25% Arvind Goel 25%; ML Gupta 25%; Ashwini Kr Gupta 50% Lotus Arena Ph-2 04.06.2014 Eminent Homes Pvt Ltd 99.99%; Nirmal Singh 0.01% 6 YDPL 99.99%; Vikrant Gupta 0.01% 6 LGDPL 25%; YDPL 25%; ZPPL 50% 5 6 IPPL 25%; LRPL 25%; LGDPL 25%; YDPL 25% 6 3 Lords 05.07.2013 6 Sunshine Solaris Sunshine Infratech Pvt Ltd 99.99%, Sunshine Infrahomes 0.01% 6 Exotica Housing Infra Project Pvt Ltd 99.99%; DK Jain 0.01% 6 Elite Golf Greens 4 individuals 25% each 3 Renamed as Gaursons Sportswood Pvt Ltd in Mar’13 Gaur Sportswood Gaursons India Pvt Ltd 41.92%; Shyam Buildcon Pvt Ltd 41.92%; 3 individuals 16.16% Mahagun Mirabella Gaursons Sportswood Pvt Ltd 90%; Mahagun India Pvt Ltd 9.99% Civitech Stadia Civitech Housing India Pvt Ltd 75%; Subodh Goel 9% & HUF 7%; Alka Goel 9% 12.02.2012 12.02.2012 3 Consortium Members – XEPL as Lead Member, MIPL & SAPPL 1/B1, SC-01/B2, SC-01/D1, SC-01/D2, SC-01/D3, SC-01/D4, SC-01/E1, SC-01/E2 & SC-01/E3 Part-2: Sports City Scam www.infralive.com 31 InfraLIVE November 15, 2022 & 2 in 2015. However, both projects are still incomplete. The company has sub-divided the remaining sub-plot of 70,000 sqm into two parts and have sold/ transferred the sub-plots to two companies: Arena Superstructures Pvt Ltd (ASPL) 50,000 sqm plot and Pinnacle Superstructures Pvt Ltd (PSPL) 20,000 sqm. ASPL has launched a residential project Lotus Arena on its plot. The project is however still incomplete. ASPL was also entrusted the responsibil- ity of development of multi- purpose playfield on its plot but no action has been taken to construct it till date. ASPL is under Corporate Insolvency and Bankruptcy Pro- cess (CIRP)/IBC since October 2020. SBPL sold/ transferred the own- Seque l Bui ldcon Pvt Ltd (SBPL) was incorporated on March 10, 2011. Its authorized share capital is Rs 500,000 and its paid-up capital is Rs 100,000. The company was allotted sub-plot of SC-01/A measuring 100,000 sqm in October 2011. They retained a sub-plot of 30,000 sqmwith them- selves and launched residential projects namely Belevedere Phase 1