BEFORE THE MAHARASHTRA
                REAL ESTATE REGULATORY AUTHORITY, MUMBAI
                   Virtual Hearing held through video conference as per
                            MahaRERA Circular No.: 27/2020
                          REGULATORY CASE NO. 331 OF 2025

     SPAN VENTURE                                          … APPLICANT (PROMOTER)

     SPAN TRIDENT WING B                                              …PROJECT NAME

              MAHARERA PROJECT REGISTRATION NO. P51700005406

                                           Order
                                    Monday, 19th May 2025
              Coram: Shri. Mahesh Pathak, Hon’ble Member-l, MahaRERA

                                 The applicant promoter is absent.


1.    The Applicant (Promoter) herein has registered the project namely “SPAN
      TRIDENT WING B” under section 5 of the Real Estate (Regulation and
      Development) Act, 2016 (“Act”), of Real Estate Regulatory Authority (“RERA”)
      bearing MahaRERA Registration No. P51700005406 (hereinafter referred to as the
      “said Project”).


2. On 05.06.2023, an application was made by the Applicant (Promoter) for seeking
      deregistration of the Project. Accordingly, as per the directions of Hon’ble
      Chairperson/MahaRERA, dated 11-02-2025, this matter was heard by this Bench
      on 17.04.2025. The prior intimation of the said hearing was sent to the Applicant,
      through an email dated 12-04-2025 and it was directed to appear for the virtual
      hearing on 17-04-2025. Further, vide the said email, the Applicant was directed to
      submit its reply on 3 main issues viz i) Specific reason for the De-registration, ii)
      details of the allottees ( along with their contact details and email address) and iii)
      updated QPRs ( if not updated).


3. However, despite notice, the Applicant failed to remain present for the said hearing
      held on 17-04-2025. Hence, on that date the Authority has passed following
      roznama in this matter-:


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   On-17.04.2025
   “The applicant is absent.
   The matter is adjourned to a suitable date for further hearing and as a last
   chance to the applicant.
   Meanwhile, the applicant may reply to the email of the MahaRERA dated 12-
   04-2025.
   List the matter for next hearing on 19-05-2025.”

4. Accordingly, this matter was scheduled for hearing today and the notice for this
hearing was also served upon the Applicant through an email dated 16-05-2025.


5. However, despite the aforesaid directions, the Applicant has neither appeared for
the hearing held today nor submitted any compliance report pursuant to the email
dated 12-04-2025. This conduct indicates that the Applicant is not inclined to pursue
or contest the present de-registration application.


6. The record also shows that the Applicant (Promoter) has filed the de-registration
application by referring to “Annexure I.” However, it appears that the Applicant
(Promoter) has failed to submit the said “Annexure I” along with the de-registration
application, vide which it was mandatory to specify the reasons for seeking de-
registration. Furthermore, despite directions, the Applicant has not furnished the
updated Quarterly Progress Reports (QPRs), although the Applicant has submitted
the details of the allottees along with their contact details, it has failed to comply
with the mandatory requirements necessary for de-registration of the said project,
as stipulated under MahaRERA Order No. 42 of 2023 dated 10-02-2023. Hence, the
Authority is not inclined to grant the relief sought by the Applicant for de-
registration of the said project.


7. In addition to the above, the Applicant’s repeated absence, continued non-
compliance, and failure to diligently prosecute the matter reflect a lack of bona fide
intent. Accordingly, the application for de-registration is dismissed for default, non-
compliance, and want of prosecution. However, liberty is granted to the Applicant
(Promoter) to seek restoration of the application by filing a proper and complete
application along with all requisite documents, including the specific reasons for


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 de-registration (as per Annexure I) and the updated Quarterly Progress Reports
 (QPRs), before the Director (Compliance), MahaRERA, who shall consider the same
 upon being satisfied.



                                                           Mahesh Pathak
Date: Monday, 19th May 2025                              Member-I, MahaRERA




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