Appellant / Complainant
Omni Farms Pvt. Ltd.
Respondent
Sparsh Sahni
omni farms pvt. ltd.
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 0901126002682019 by Omni Farms Pvt. Ltd. against Sparsh Sahni before up_rera.
Judgement
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, while upholding the Regulatory Authority's direction for the promoter to deliver possession.
For Order
The Tribunal heard arguments regarding the appellant's grievance over the interest rate awarded by the Nominated Officer and has reserved its judgment.
For Order
The Tribunal granted a request by the appellant's counsel to adjourn the matter and rescheduled the hearing for February 3, 2021.
Tribunal Order #0901126002682019-24-08-2021
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, while upholding the Regulatory Authority's direction for the promoter to deliver possession.
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, while upholding the Regulatory Authority's direction for the promoter to deliver possession. 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, while upholding the Regulatory Authority's direction for the promoter to deliver possession.
Ruling Awarded To
Partial
Awarded Interest Rate
MCLR + 1% per annum
Interest Period
from the date of possession provided in Builder-Buyer Agreement till the date of offer of possession
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Vikas Agarwal
Respondent Advocate(s)
- Abhishek Khare
Official RERA Tribunal Orders (1)
The Tribunal partially allowed the appeal by modifying the interest rate for delayed possession from 18% per annum to MCLR + 1% per annum, while upholding the Regulatory Authority's direction for the promoter to deliver possession.
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