Appellant / Complainant
Pankaj Gupta, Neha Gupta
Respondent
Panchsheel Buildtecfh Pvt. Ltd.
panchsheel buildtecfh pvt. ltd.
₹33,26,452
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 0901126002222019 by Pankaj Gupta, Neha Gupta against Panchsheel Buildtecfh Pvt. Ltd. before up_rera.
for delivery of Judgment/Order
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the deposited amount to the appellants along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Hearing
The court heard arguments from the counsel for both the appellant and respondent, and subsequently reserved the judgment for further delivery.
For Order
The Tribunal granted a request from the respondent's counsel to adjourn the matter and rescheduled the appeal for hearing on 08.02.2021.
Tribunal Order #0901126002222019-27-09-2021
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the deposited amount to the appellants along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Tribunal Disposal & Final Award Ruling
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the deposited amount to the appellants along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund. Awarded in favor of Appellant. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the deposited amount to the appellants along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1% per annum
Interest Period
from the date of deposit till the refund of the amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Manish Singh
- Azhar Ikram
Respondent Advocate(s)
- Suyash Gupta
- R. D. Kranti
Official RERA Tribunal Orders (1)
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the deposited amount to the appellants along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
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