Uttar Pradesh Real Estate Regulatory Authority (RERA) today announced to challenge the order of the National Company Law Tribunal (NCLAT) in the Ansal API case.
The Authority will file an impleadment application (IA) in the NCLT order relating to Corporate Insolvency Resolution Process (CIRP) against Ansal API and imposing moratorium upon any action against the realty major in any forum including UP RERA.
UP RERA has already sent all the recovery certificates (RCs) relating to the money payable to allottees and the copies of other uncomplied orders, issued against Ansal API, to Interim Resolution Professional (IRP) Navneet Kumar Gupta.
Further, UP RERA has communicated to all the allottees, who had filed complaints with it, to promptly file their claims with the IRP in the prescribed Form-CA.
While homebuyers had been able to get the possession of their houses or received back their investments as result of the ‘positive orders’ of RERA, the Authority may not be in a position to help homebuyers in the wake of the fresh NCLT order dated February 25, 2025 in the Ansal API case.
Thousands of allottees invested their life savings in the Ansal API townships at Lucknow and Gautam Buddha Nagar districts, and have been waiting for the delivery of houses for years.
Quite a large number of the aggrieved allottees filed complaints with UP RERA for the delivery of their houses or return of their investments.
UP RERA has already decided 2,825 such complaints and due to its efforts, more than Rs 125 crore, payable to the allottees, could be recovered from the Ansal API, a press communique said.
Meanwhile, Ansal API has still not complied with 1,234 orders of UP RERA.
About 619 RCs are pending for recovery comprising Rs 113 crore due to the allottees, and another Rs 19.73 crore against 27 RCs of penalty imposed against the promoter for non-compliance of the orders and violation of the RERA Act.
UP RERA had imposed a penalty of Rs 14.40 crore against Ansal API in six matters in January 2025 when the promoter was found indulging in unlawful registration of sale deeds of plots without registering the land parcel with the Authority.
RCs were sent for recovery to the Lucknow District Magistrate in all these matters.
Meanwhile, UP RERA chairman Sanjay Bhoosreddy said Ansal API had been evading its responsibilities to complete its projects and to comply with the orders of UP RERA.
“UP RERA has resolved to file an IA in the NCLAT to not let the Ansal API run away from its responsibilities and to guard the interest of the home buyers,” he noted.
Bhoosreddy claimed it is for the first time since the commencement of the IBC that UP RERA has decided to file an IA in the NCLAT.