Complaint No. CC12602115


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BEFORE THE MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY,
MUMBAI

Complaint No. CC12602115

Sagar Aniruddha Awate


... Complainant

Versus

Karrm Infrastructure Private Limited


... Respondent

MahaRERA Project Registration No. P51700010325


Coram: Shri. Mahesh Pathak, Hon’ble Member – I/MahaRERA

The complainant appeared in person – through VC.
None appeared for the respondent.


INTERIM ORDER


(Monday, 11th May 2026)
Hearing Through Hybrid Mode)

1. The complainant above named has filed this online complaint before the MahaRERA on
10-04-2026 seeking directions from the MahaRERA, to the respondent – promoter, to
refund the entire amount paid by him along with interest and compensation, as
prescribed under the provisions of the Real Estate (Regulation & Development) Act, 2016
(hereinafter referred to as ‘RERA’) in respect of the booking of the flats bearing Nos. 102
and 103 in Wing A in the respondent - promoter’s registered project known as “Karrm
Panchtatva - 2” bearing
MahaRERA project registration No. P51700010325
, situated at
Kasagaon, Shahapur, Dist. Thane.

2. This complaint was heard by the MahaRERA today as per the Circular No. 49 dated 12-
09-2025 issued by MahaRERA for hearing of complaints through Hybrid Hearing Mode.
Both the parties have been issued prior intimation of this hearing, and they were also
informed to file their written submissions if any. Accordingly, the complainant appeared
and made his submissions. However, despite the notice of hearing, the respondent
remained absent. The MahaRERA heard the arguments of the complainant and also
perused the available records.


Complaint No. CC12602115


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3. However, in the present case on bare perusal of the website of Insolvency and Bankruptcy
Board of India, the MahaRERA has prima facie noticed that the M/s. VSJ Investment Pvt
Ltd has filed Company Petition No. CP (IB) No.651/MB/2023 against the respondent
promoter under Section 7 of the I&B Code, 2016 agitating claim of Rs.290,84,45,956.84/-
against the respondent promoter.

4. From the available record, the MahaRERA has further noticed that on 29-02- 2024, the
Hon’ble National Company Law Tribunal Mumbai (NCLT) has passed an order in CP
(IB) No. CP (IB) No.651/MB/2023 filed by M/s. VSJ Investment Pvt Ltd , i.e., the
Financial Creditor therein against the respondent herein, thereby admitting the
respondent herein into Corporate Insolvency Resolution Process (CIRP) in accordance
with the provisions of the Insolvency and Bankruptcy Code, 2016. Further, as recorded
in para (d) of the said order passed by the NCLT moratorium has already been ordered
against the respondent promoter. In view thereof, as provided under section 14 of the
Insolvency and Bankruptcy Code, 2016, which mandates a moratorium on the institution
and continuation of legal proceedings against a Corporate Debtor (respondent herein) in
respect of which an order of admission into CIRP has been passed by the Adjudicating
Authority, applies to the respondent herein. Hence institution of suits or continuation of
pending suits or proceedings against the respondent including execution of any


JUDGMENT

, decree, or order in any court of law, tribunal, arbitration panel or other
authority is prohibited.

5. However, although the complainant appeared for the hearing today, he has informed the
MahaRERA that he is not aware of such NCLT proceeding filed against the respondent
promoter. However, the said crucial fact about the appointment of CIRP in respect of the
respondent’s company cannot be ignored by the MahaRERA.

6. Be that as it may, in the present case, in view of the aforesaid order passed by the NCLT,
the MahaRERA cannot proceed to decide this complaint against the respondent at this
stage and hence the present complaint is adjourned sine die. In the meantime, the


Complaint No. CC12602115


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complainant may pursue his claim for refund before the CIRP if he so desires.

7. However, liberty is granted to the complainant to approach MahaRERA after final
disposal of the said insolvency proceeding pending against the respondent if need be.


(Mahesh Pathak)
Member – 1/MahaRERA
MAHESH
DINKAR
PATHAK
Digitally signed
by MAHESH
DINKAR PATHAK
Date: 2026.05.25
10:46:18 +05'30'