Appellant / Complainant
Logix Infrastructure Pvt. Ltd.
Respondent
M.G Fincap Pvt. Ltd.
logix infrastructure pvt. ltd.
Respondent
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 0901126003292019 by Logix Infrastructure Pvt. Ltd. against M.G Fincap Pvt. Ltd. before up_rera.
Re-Hearing
The appeal was dismissed due to the non-appearance of the appellant and the withdrawal of their previous counsels; consequently, the amount deposited under Section 43(5) of the Act is ordered to be transferred to the Regulatory Authority.
Re-Hearing
The Tribunal adjourned the matter and scheduled the appeal for further arguments on December 2, 2022.
Re-Hearing
The appeal was adjourned due to the withdrawal of counsel for the appellant; the matter is rescheduled for 14.10.2022.
Re-Hearing
The Tribunal adjourned the appeal due to the absence of the Appellant and scheduled the matter for further orders on 12.09.2022.
For Order
The Tribunal has heard the arguments from both parties and has reserved the judgment for further consideration.
Hearing
The appellant requested to withdraw the appeal due to inability to comply with Section 43(5) deposit requirements, leading to a dispute over whether the previously deposited 60% should be refunded to the appellant or transferred to the respondent/Regulatory Authority; the matter is listed for further orders.
Compliance of section 43(5)
The Tribunal adjourned the appeal due to the non-appearance of both parties and scheduled the matter for 08.10.2021 to ensure compliance with Section 43(5) of the Act, 2018.
Rest deposit Amount under 43(5) of the Act
No text available.
Arguments
The Tribunal directed the appellant to deposit the balance amount required under Section 43(5) of the Act before the next hearing and ordered the CEO/CMD of the appellant to appear in person on the fixed date.
Arguments
The Tribunal directed both parties to file and upload relevant rulings regarding the interpretation of Section 43(5) of the Act following a dispute over whether the appellant's previous deposits satisfy compliance requirements without being applied retrospectively.
Tribunal Order #0901126003292019-04-02-2021
The Tribunal directed both parties to file and upload relevant rulings regarding the interpretation of Section 43(5) of the Act following a dispute over whether the appellant's previous deposits satisfy compliance requirements without being applied retrospectively.
Tribunal Order #0901126003292019-02-12-2022
The appeal was dismissed due to the non-appearance of the appellant and the withdrawal of their previous counsels; consequently, the amount deposited under Section 43(5) of the Act is ordered to be transferred to the Regulatory Authority.
Tribunal Order #0901126003292019-08-10-2021
The appellant requested to withdraw the appeal due to inability to comply with Section 43(5) deposit requirements, leading to a dispute over whether the previously deposited 60% should be refunded to the appellant or transferred to the respondent/Regulatory Authority; the matter is listed for further orders.
Tribunal Order #0901126003292019-15-03-2021
The Tribunal directed the appellant to deposit the balance amount required under Section 43(5) of the Act before the next hearing and ordered the CEO/CMD of the appellant to appear in person on the fixed date.
Tribunal Disposal & Final Award Ruling
The appeal was dismissed due to the non-appearance of the appellant and the withdrawal of their previous counsels; consequently, the amount deposited under Section 43(5) of the Act is ordered to be transferred to the Regulatory Authority. Awarded in favor of Respondent.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The appeal was dismissed due to the non-appearance of the appellant and the withdrawal of their previous counsels; consequently, the amount deposited under Section 43(5) of the Act is ordered to be transferred to the Regulatory Authority.
Ruling Awarded To
Respondent
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Rishi Saxena
- Mandeep Singh
Respondent Advocate(s)
- Azhar Ikram
- Manish Singh
Official RERA Tribunal Orders (4)
The Tribunal directed both parties to file and upload relevant rulings regarding the interpretation of Section 43(5) of the Act following a dispute over whether the appellant's previous deposits satisfy compliance requirements without being applied retrospectively.
The appeal was dismissed due to the non-appearance of the appellant and the withdrawal of their previous counsels; consequently, the amount deposited under Section 43(5) of the Act is ordered to be transferred to the Regulatory Authority.
The appellant requested to withdraw the appeal due to inability to comply with Section 43(5) deposit requirements, leading to a dispute over whether the previously deposited 60% should be refunded to the appellant or transferred to the respondent/Regulatory Authority; the matter is listed for further orders.
The Tribunal directed the appellant to deposit the balance amount required under Section 43(5) of the Act before the next hearing and ordered the CEO/CMD of the appellant to appear in person on the fixed date.
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