Appellant / Complainant
Jagdish Kumar Nagpal
Respondent
Green Bay Infrastructure Pvt. Ltd.
green bay infrastructure pvt. ltd.
₹27,15,375
Appellant
Legal Issues & Claims Raised
Case Procedural History & Progression Tree
Visual step-by-step tree detailing dispute origin, interim hearings, and final tribunal ruling.
Complaint Filing & Dispute Registration
Complaint registered under Case ID 0901126000172018 by Jagdish Kumar Nagpal against Green Bay Infrastructure Pvt. Ltd. before up_rera.
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.
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.
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.
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
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Kailash Prashad Pandey
Respondent Advocate(s)
- Sarvesh Kumar Tiwari
Official RERA Tribunal Orders (1)
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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