2021 (2) TMI 1290

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....er (Technical) and [Dr. Alok Srivastava] Member (Technical) For the Appellant: Mr. Rana Mukherjee, Sr. Advocate with Mr. Mani Bhushan Sinha, Mr. Ashutosh Kr. Bishnoi and Mr. Pranab Prakash, Advocates. For the Respondent: Mr. Amit Goel, Advocate with Mr. Bhim Sain Goyal, Mr. Saurabh Yadav, Advocate, Mr. Ritesh Agarwal, Mr. Sunil Kumar, Mr. Harish Malik and Mr. Jatin Sehgal, Advocates, Mr. P. K. S....

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....of rates due to escalation of costs. The Report also states that the total amount receivable from the buyers of Tower - 1to 12 is Rs.120.38 Crore. Besides that 18 large size unsold flats can be sold to generate additional funds. It is gathered from the Report that 74 Homebuyers have approached the Resolution Professional to restart the construction activities immediately. It is further gathered fr....

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....he project comprising of Tower 1 to 12. But the contract stood terminated and Indsao Infratech was engaged as the new contractor in January, 2016 to complete the construction work. 70% of the construction work is stated to have been completed. As regards the main grievance of the Homebuyers of the Project viz. 'Orion Galaxy' i.e. restart of construction work and its completion besides payment of d....