MUMBAI: A builder-developer was booked by Mumbai Police for allegedly utilizing cast paperwork to stake declare to 71 flats/workplaces in a challenge in Bhandup and dishonest his companions of Rs 13.65 crore, a police official stated on Saturday. An FIR was registered towards the builder, Pratik Vira, after one other actual property developer Kashyap Mehta lodged a grievance at Azad Maidan police station.

The investigations confirmed Vira allegedly fraudulently pocketed good points via the company insolvency decision course of (CIRP) at Samriddhi Garden Project undertaken by Sivana Realty.

The complainant partnered with one Atul Bharani and arrange Sunshine Group in 2002, which took over a challenge in Bhandup to develop 3.75 acres of land below the sub-company Sunshine Housing in 2006.

Pratik Vira, son of Jayesh Vira, a chartered accountant, joined Sunshine Group in 2010 as a director of varied firms and began taking care of accounting, finance, and advertising and marketing, the FIR acknowledged.

Nonetheless, a dispute arose among the many companions and numerous settlement choices had been mentioned. Vira allegedly demanded sure flats and workplace items in Samriddhi Backyard Venture in trade for 20 per cent shares held by Pratik Vira’s household, as per the FIR.

The accused took over Sunshine Housing and have become its director in December 2019. He modified the corporate’s title to Sivana Realty.

He allowed Sivana Actuality Personal Ltd’s insolvency by exhibiting simply Rs 13 lakh in excellent, regardless of having adequate funds and multi-crore influx/transactions within the SRPL, the official added.