AARCITY BUILDERS PVT. LTD vs SURENDER KUMAR

RERA-APPL-97-2026 (O&M) -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH (150) RERA-APPL-97-2026 (O&M) Date of decision: - 29.05.2026 Aarcity Builders Pvt. Ltd. ....Petitioner Versus Surender Kumar .....Respondent CORAM : HON'BLE MR. JUSTICE VIKAS BAHL Present:- Mr. Rajat Khanna, Advocate, Mr. Vijay Pratap Singh, Advocate, and Mr. Rajeev, Advocate, for the appellant. Mr. Anurag Jain, Advocate, Ms. Namisha Kapoor, Advocate, and Mr. Aamol Singh, Advocate, for the respondent. **** VIKAS BAHL, J. (ORAL) 1. Challenge in the present appeal is to the order dated 16.04.2026 vide which the Appellate Tribunal had dismissed the appeal of the present appellant on the ground that there was deficit of an amount of Rs.20,73,619/- with respect to proviso to Section 43(5) of the Real Estate (Regulation and Development) Act, 2016 (hereinafter to be referred as 'Act of 2016'). 2. On 15.05.2026, this Court was pleased to pass the following order: “Present: Mr. Rajat Khanna, Advocate, Mr.Vijay Pratap Singh, Advocate and NARESH KUMAR 2026.05.29 18:02 I attest to the accuracy and integrity of this document/judgement RERA-APPL-97-2026 (O&M) -2- Mr.Vishal Saini, Advocate for the appellant. *** Lea