Appellant / Complainant
Devendra Nath, Archana Pandey
Respondent
Panchsheel Buildtech Pvt. Ltd.
panchsheel buildtech pvt. ltd.
₹23,48,093
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 0901126003572019 by Devendra Nath, Archana Pandey against Panchsheel Buildtech Pvt. Ltd. before up_rera.
for delivery of Judgment/Order
The Tribunal confirmed the Regulatory Authority's order directing the respondent to pay interest at MCLR+1% for delayed possession, while rejecting the appellants' request for a full refund due to the lack of inordinate delay.
Judgement
The Tribunal directed the respondent to file a board resolution and authorized signatory ID within three days and ordered both parties to submit lists of dates and relied-upon judgments within a week.
Further Hearing
The Tribunal directed the parties to file a concise list of dates, events, and relied-upon judgments within one week and exchange them via email before the next hearing. The matter is scheduled for judgment on 24.03.2021.
Hearing on Appeal
The Tribunal directed the respondent's counsel to file a vakalatnama with required documents within three days and ordered both parties to submit a concise list of dates and events along with relied-upon judgments.
Tribunal Order #0901126003572019-26-11-2021
The Tribunal confirmed the Regulatory Authority's order directing the respondent to pay interest at MCLR+1% for delayed possession, while rejecting the appellants' request for a full refund due to the lack of inordinate delay.
Tribunal Disposal & Final Award Ruling
The Tribunal confirmed the Regulatory Authority's order directing the respondent to pay interest at MCLR+1% for delayed possession, while rejecting the appellants' request for a full refund due to the lack of inordinate delay. Awarded in favor of Partial. Awarded interest rate: MCLR + 1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal confirmed the Regulatory Authority's order directing the respondent to pay interest at MCLR+1% for delayed possession, while rejecting the appellants' request for a full refund due to the lack of inordinate delay.
Ruling Awarded To
Partial
Awarded Interest Rate
MCLR + 1%
Interest Period
w.e.f. 24.02.2017 till the date of possession
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Harish Pandey
Respondent Advocate(s)
- R.D. Kranti
Official RERA Tribunal Orders (1)
The Tribunal confirmed the Regulatory Authority's order directing the respondent to pay interest at MCLR+1% for delayed possession, while rejecting the appellants' request for a full refund due to the lack of inordinate delay.
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