2026 (1) TMI 1056

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....f the DGAP. Counsel for Respondent: Shri Naveen Aggarwal, CA and Shri Mohan Chaudhary, Director of the Respondent Company. ORDER 1. The matter was taken up in physical mode. Ms. Geetika Chib, Learned AAD - Authorized Representative assisted by Shri Awanindra Kumar appeared on behalf of the DGAP. 2. Shri Naveen Aggarwal, CA and Shri Mohan Chaudhary, Director of the Respondent Company ap....

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....hat the Respondent in the matter has profiteered an amount Rs. 4,16,85,896/-. Therefore, he is liable to pay the aforesaid amount with an GST @ 12%, totalling to Rs. 4,66,88,204/-. However, it has further reported that on the basis of above investigation report, it is concluded that the Noticee has been profiteered by an amount of Rs. 4,16,85,896/- plus GST @ 12% i.e., 50,02,308/-, totaling to Rs.....

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....that the subject of complaint has already been settled between flat owners & Umang Realtech Pvt. Ltd., through its Interim Resolution Professional. He further stated that appropriate benefit of the GST ITC / Reduction in prices for the flat purchased by the Respective allottees have been allowed to them in terms of Memorandum of Understanding (MoU)dated 05.10.2019, at the time handing over the pos....