Appellant / Complainant
U.P. Avas Evam Vikas Parishad
Respondent
Vijoy Kumar
Respondent
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 0901126001822019 by U.P. Avas Evam Vikas Parishad against Vijoy Kumar before up_rera.
Judgement
The Tribunal upheld the Regulatory Authority's order directing the promoter to pay interest for delayed possession at MCLR+1%, while modifying it to ensure that the Rs. 9,46,804 already paid by the promoter is adjusted against the total interest due.
For Order
The court heard arguments from both parties regarding Appeal-381/2019 and subsequently reserved the judgment for future pronouncement.
For Order
The matter is adjourned to 29.01.2021 for hearing upon the request of the appellant's counsel.
Tribunal Order #0901126001822019-24-08-2021
The Tribunal upheld the Regulatory Authority's order directing the promoter to pay interest for delayed possession at MCLR+1%, while modifying it to ensure that the Rs. 9,46,804 already paid by the promoter is adjusted against the total interest due.
Tribunal Disposal & Final Award Ruling
The Tribunal upheld the Regulatory Authority's order directing the promoter to pay interest for delayed possession at MCLR+1%, while modifying it to ensure that the Rs. 9,46,804 already paid by the promoter is adjusted against the total interest due. Awarded in favor of Respondent. Awarded interest rate: MCLR+1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal upheld the Regulatory Authority's order directing the promoter to pay interest for delayed possession at MCLR+1%, while modifying it to ensure that the Rs. 9,46,804 already paid by the promoter is adjusted against the total interest due.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR+1%
Interest Period
from the promised date of possession as indicated in the Registration Booklet to the date of actual payment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Siddharth Vikram Asthana
Respondent Advocate(s)
- Tushar Bahadur
Official RERA Tribunal Orders (1)
The Tribunal upheld the Regulatory Authority's order directing the promoter to pay interest for delayed possession at MCLR+1%, while modifying it to ensure that the Rs. 9,46,804 already paid by the promoter is adjusted against the total interest due.
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