Complaint nos
. CC12602595

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BEFORE THE MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY
MUMBAI

Complaint No. CC12602595

Kamal Jugal Arora


... Complainant

Versus

Neelkanth Realtors Pvt Ltd


... Respondent


MahaRERA Project Registration No. P51700049797


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

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


INTERIM ORDER


(Monday, 15th June 2026)
(Hearing Through Hybrid Mode)

1. The complainant above named has filed this complaint before the MahaRERA on 04-
05-2026 mainly seeking directions from MahaRERA, to the respondent – promoter,
either to execute and register the agreement for sale or in the alternate to refund the
entire amount paid along with interest and compensation, as per the provisions of the
Real Estate (Regulation & Development) Act, 2016 (hereinafter referred to as ‘RERA’)
in respect of the booking of a flat bearing No. 1301 in the respondent – promoter’s
registered project known as “Zen” bearing MahaRERA registration No. P51700049797
located at 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 Mode.
Both the parties have been issued prior intimation of the said hearing, and they were
also informed to file their written submissions, if any. Accordingly, the complainant
appeared and made his submissions. However, despite notice, the respondent
remained absent. The MahaRERA heard the submissions of the complainant and
perused the available record.



Complaint nos
. CC12602595

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3. During the course of hearing, the MahaRERA has noticed that the proceeding under
Insolvency and Bankruptcy Code, 2016 vide
Complaint No. CP
(IB)/747 /MB/ 2025
has been filed against the present respondent by M/s. Catalyst Trusteeship Limited.
In the said petition the NCLT was pleased to pass an order on 17-04-2026. Hence,
MahaRERA cannot proceed to decide this complaint filed against the respondent at
this stage. Furthermore, admittedly, the complainant has also filed his claims before
the IRP on 02-05-2026.

4. In view thereof, as per the said order, in view of section 14 of the Code, mandating a
moratorium on the institution and continuation of legal proceedings against a
Corporate Debtor in respect of which an order of admission into CIRP has been passed
by the Adjudicating Authority; it 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. In view of the above, the MahaRERA cannot proceed to decide this complaint filed
against the respondent at this stage and hence the present complaint is adjourned sine
die. The complainant may pursue his claim before the IRP.

6. 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: 2026.06.16
16:14:27 +05'30'