up_reraStatus: Completed
CASE ID: 0901126000172018

Appellant / Complainant

Jagdish Kumar Nagpal

VS

Respondent

Green Bay Infrastructure Pvt. Ltd.

Developer Firm

green bay infrastructure pvt. ltd.

Disputed Amount

27,15,375

Disposal Award

Appellant

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Legal Issues & Claims Raised

Delay in PossessionRefund of InvestmentDelay Compensation / InterestPromotional MisrepresentationJurisdiction & Maintainability

Case Procedural History & Progression Tree

Visual step-by-step tree detailing dispute origin, interim hearings, and final tribunal ruling.

6 Milestones
Filing Phase

Complaint Filing & Dispute Registration

Complaint registered under Case ID 0901126000172018 by Jagdish Kumar Nagpal against Green Bay Infrastructure Pvt. Ltd. before up_rera.

Delay in PossessionRefund of InvestmentDelay Compensation / InterestPromotional MisrepresentationJurisdiction & Maintainability
2
Stage 114/09/2021

for delivery of Judgment/Order

The Tribunal modified the Regulatory Authority's order to direct the respondent to pay interest at the rate of MCLR+1% per annum on the principal amount already refunded to the appellant, due to the developer's delay in project completion.

3
Stage 204/01/2021

Further Order

No text available.

4
Stage 323/11/2020

Further Order

No text available.

5
Stage 4Final Ruling Order

Tribunal Order #0901126000172018-14-09-2021

The Tribunal modified the Regulatory Authority's order to direct the respondent to pay interest at the rate of MCLR+1% per annum on the principal amount already refunded to the appellant, due to the developer's delay in project completion.

Disposal Phase

Tribunal Disposal & Final Award Ruling

The Tribunal modified the Regulatory Authority's order to direct the respondent to pay interest at the rate of MCLR+1% per annum on the principal amount already refunded to the appellant, due to the developer's delay in project completion. Awarded in favor of Appellant. Awarded interest rate: MCLR + 1% per annum.

Disposal Winner: AppellantInterest Rate: MCLR + 1% per annumStatus: Completed

Final Tribunal Order & Ruling Verdict Summary

Official Ruling Summary

The Tribunal modified the Regulatory Authority's order to direct the respondent to pay interest at the rate of MCLR+1% per annum on the principal amount already refunded to the appellant, due to the developer's delay in project completion.

Ruling Awarded To

Appellant

Awarded Interest Rate

MCLR + 1% per annum

Interest Period

from the date of deposit till the actual date of payment of principal amount

Verified Tribunal DocumentationDownload Official Final Tribunal Order PDF

Statutory Sections Cited (RERA Act 2016)

Section 18(1)Section 12Section 3Section 79

Appearing Legal Counsel & Advocates

Appellant Advocate(s)

  • Kailash Prashad Pandey

Respondent Advocate(s)

  • Sarvesh Kumar Tiwari

Official RERA Tribunal Orders (1)

FINAL_ORDEROrder ID: 0901126000172018-14-09-2021

The Tribunal modified the Regulatory Authority's order to direct the respondent to pay interest at the rate of MCLR+1% per annum on the principal amount already refunded to the appellant, due to the developer's delay in project completion.

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