Appellant / Complainant
Great Value Projects India Pvt. Ltd.
Respondent
Ashish Malla
great value projects india pvt. ltd.
₹66,00,000
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 0901126004032019 by Great Value Projects India Pvt. Ltd. against Ashish Malla before up_rera.
for delivery of Judgment/Order
The U.P. Real Estate Appellate Tribunal confirmed the refund of the deposited amount to the respondent due to project delay but modified the interest rate from 18% per annum to MCLR+1% per annum and directed the respondent to seek compensation through an Adjudicating Officer.
Hearing
The Tribunal granted the respondent one week to submit supporting rulings via email and post, and adjourned the matter to 25.03.2021 for further arguments.
Tribunal Order #0901126004032019-13-01-2022
The U.P. Real Estate Appellate Tribunal confirmed the refund of the deposited amount to the respondent due to project delay but modified the interest rate from 18% per annum to MCLR+1% per annum and directed the respondent to seek compensation through an Adjudicating Officer.
Tribunal Disposal & Final Award Ruling
The U.P. Real Estate Appellate Tribunal confirmed the refund of the deposited amount to the respondent due to project delay but modified the interest rate from 18% per annum to MCLR+1% per annum and directed the respondent to seek compensation through an Adjudicating Officer. Awarded in favor of Partial. Awarded interest rate: MCLR + 1% p.a..
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The U.P. Real Estate Appellate Tribunal confirmed the refund of the deposited amount to the respondent due to project delay but modified the interest rate from 18% per annum to MCLR+1% per annum and directed the respondent to seek compensation through an Adjudicating Officer.
Ruling Awarded To
Partial
Awarded Interest Rate
MCLR + 1% p.a.
Interest Period
from the date of deposit till the date of actual payment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Anurag Misra
Respondent Advocate(s)
- In Person
Official RERA Tribunal Orders (1)
The U.P. Real Estate Appellate Tribunal confirmed the refund of the deposited amount to the respondent due to project delay but modified the interest rate from 18% per annum to MCLR+1% per annum and directed the respondent to seek compensation through an Adjudicating Officer.
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