Where is the Sports Infra in 'Sports City'

Sports City Scam www.infralive.com 37 Infra LIVE July 15, 2022 mated completion of 80-82 per cent of the project, though the validity of the plan of the project had expired inMay 2020. The above stated shareholding arrangement with Mahagun was done in clandestine manner appar- ently to circumvent the terms of a l l o tme n t und e r wh i c h t h e shareholding of at least 30 per cent in the company was required to be retained by the original promoter (LeadMember ie Logix Soft-Tel Pvt Ltd) till completion of one phase. When Logix group handed over the project to Mahagun in 2013, no development had happened on the site. Now, on this site, a huge resi- dential complex has come up branded asMahagunMeadows. while both Nath couple resigned on July 15, 2013. The project Mahagun Meadows was registered with UP RERA in July 2017 as an ongoing project having commenced the project on December 1, 2014. As per the inspection report of UP RERA, the project was still under construction as on February 17, 2022 with esti- A3

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