Appellant / Complainant
Bptp Ltd.
Respondent
Jyoti Bhagat
bptp ltd.
₹61,65,698
Partial
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 0901126002552019 by Bptp Ltd. against Jyoti Bhagat before up_rera.
for delivery of Judgment/Order
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, ruling that the previous rate lacked a statutory basis under the RERA Act.
Hearing
The Tribunal heard arguments regarding the appellant's request to modify the interest rate awarded by RERA from 18% to MCLR+1%, and has reserved its judgment.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel due to personal academic commitments and scheduled the matter for hearing on 07.10.2021, noting that no further adjournments will be permitted.
Hearing
The Tribunal adjourned the appeal to 26.03.2021 and directed the Appellant to deposit a previously ordered cost of Rs. 10,000/- before the next hearing date.
Compliance of section 43(5)
The Tribunal noted the appellant's compliance with Section 43(5) of the Act and the commitment to deposit costs of Rs. 10,000, subsequently scheduling the appeal for hearing on 05.03.2021.
For Order
The Tribunal granted the appellant a final one-week extension to comply with Section 43(5) of the Act, subject to a penalty cost of Rs. 10,000/- to be used for the Legal Representative's Library.
Compliance of section 43(5)
The Tribunal granted the appellant a final opportunity to comply with Section 43(5) of the Act and scheduled the next hearing for February 8, 2021.
Tribunal Order #0901126002552019-27-10-2021
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, ruling that the previous rate lacked a statutory basis under the RERA Act.
Tribunal Order #0901126002552019-08-02-2021
The Tribunal granted the appellant a final one-week extension to comply with Section 43(5) of the Act, subject to a penalty cost of Rs. 10,000/- to be used for the Legal Representative's Library.
Tribunal Order #0901126002552019-07-10-2021
The Tribunal heard arguments regarding the appellant's request to modify the interest rate awarded by RERA from 18% to MCLR+1%, and has reserved its judgment.
Tribunal Order #0901126002552019-05-03-2021
The Tribunal adjourned the appeal to 26.03.2021 and directed the Appellant to deposit a previously ordered cost of Rs. 10,000/- before the next hearing date.
Tribunal Order #0901126002552019-18-02-2021
The Tribunal noted the appellant's compliance with Section 43(5) of the Act and the commitment to deposit costs of Rs. 10,000, subsequently scheduling the appeal for hearing on 05.03.2021.
Tribunal Disposal & Final Award Ruling
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, ruling that the previous rate lacked a statutory basis under the RERA Act. Awarded in favor of Partial. Awarded interest rate: MCLR + 1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, ruling that the previous rate lacked a statutory basis under the RERA Act.
Ruling Awarded To
Partial
Awarded Interest Rate
MCLR + 1% per annum
Interest Period
from the date of deposit till the date of payment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Mandeep Singh
- Viksit Srivastava
Respondent Advocate(s)
- Azhar Ikram
- Manish Singh
Official RERA Tribunal Orders (5)
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, ruling that the previous rate lacked a statutory basis under the RERA Act.
The Tribunal granted the appellant a final one-week extension to comply with Section 43(5) of the Act, subject to a penalty cost of Rs. 10,000/- to be used for the Legal Representative's Library.
The Tribunal heard arguments regarding the appellant's request to modify the interest rate awarded by RERA from 18% to MCLR+1%, and has reserved its judgment.
The Tribunal adjourned the appeal to 26.03.2021 and directed the Appellant to deposit a previously ordered cost of Rs. 10,000/- before the next hearing date.
The Tribunal noted the appellant's compliance with Section 43(5) of the Act and the commitment to deposit costs of Rs. 10,000, subsequently scheduling the appeal for hearing on 05.03.2021.
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