Hotel coming up on plot linked to PSIEC scam under Punjab Vigilance Bureau lens

In February 2021, a sale deed was executed between M/s Signify Innovations and Gulmohar Township.

The reply sent by PSIEC to the state government and VB on the facts mentioned in the FIR against the IAS officer and others stated that there was nothing wrong and there was no loss to the government.

The bifurcation policy approved by the government and Board of Directors of the PSIEC allows bifurcation in case of legal heirs, family disputes, in case of bankruptcy and the prior permission for RERA, Pollution Control Board and other government agencies is required before bifurcation plan is approved by authority concerned.

Amenities like STP, sub-station, boundary wall, community centre, green park are required prior to approval of the building plans.

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