List of Cases to be submitted before 2nd Consent Appraisal ...

CAC Item No. 02
Name of the Industry: M/s. The Leela Kempinski Sahar,
Plot No. 1407(pt), 1405(pt), 1404(pt),
Sahar, Andheri(E), Mumbai.
HOD Remarks:
a. Applied for grant of Renewal of consent for hotel activity including 395 rooms
including lodging activity.
b. Application received at SRO on 21.10.2011 and at HQ on 07.01.2012.
c. Previous consent was valid upto 31.08.2011.
d. The case was discussed during CAC meeting held on 23.01.2012 and during
the meeting, it was decided to issue SCN for refusal of consent as industry has
not replied to letter issued by the SRO on 11.11.2011. SCN issued on
06.02.2012 and industry has submitted the reply on 27.02.2012 & 03.04.2012,
wherein mentioned that C.I. mentioned is found reduced to previous year is due
to fluctuation of the foreign exchange rate of the assets purchased under foreign
loans. They are ready to pay the requisite consent fees. Current year C.I. is Rs.
318.34 Crs. Therefore, File was referred to CAO for verification of point no. (a)
& (b) and he remarked that C.I. shown in schedule of fixed assets of balance
sheet do not match with total gross block of fixed asset shown in CA-certificate.
e. Further, it was discussed during CAC meeting held on 16.04.2012 and decided
to grant consent after CI verification by CAO.
f. Accordingly, file was again referred to CAO on 20.04.2012 and he asked to call
Balance Sheet from industry to verify Gross Block of Fixed Assets. After
verification of CA certificate of Multiple unit, it is reflect that C.I. in fixed assets in
particularly building, land and furniture fixture got reduced. Gross block of fixed
assets never reduce in value in normal course of business. Hence, said details
were called from industry on 27.04.2012 and 03.05.2012, but they have not
submitted the reply till date.
g. Consent may be refused due to non-submission of Balance Sheet details.