Appellant / Complainant
Jai Prakash Associates Ltd.
Respondent
Veena Verma
jai prakash associates ltd.
₹6,00,000
Appellant
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 0901126004102019 by Jai Prakash Associates Ltd. against Veena Verma before up_rera.
for delivery of Judgment/Order
The Appellate Tribunal modified the Regulatory Authority's order by setting aside the 18% interest rate and the Rs. 6,00,000 compensation award, instead directing the appellant to pay interest at the SBI MCLR + 1% rate.
Final Hearing
The Tribunal heard arguments regarding an appeal by M/s. Jai Prakash Associates Ltd. against a direction to pay 18% interest and Rs. 6 lacs in compensation; the parties reached a partial consensus on modifying the interest rate to MCLR+1%, and the order was reserved for judgment.
Final Hearing
The Tribunal adjourned the proceedings due to the respondent's counsel's inability to attend and rescheduled the hearing for March 1, 2024.
Final Hearing
The Tribunal granted an adjournment requested by the respondent's counsel due to personal difficulties and rescheduled the hearing for 27.10.2023.
Final Hearing
The Tribunal granted an adjournment requested by the respondent's counsel due to personal difficulty and scheduled the appeal for hearing on 27.07.2023.
Final Hearing
The Tribunal noted that the appeal is ripe for hearing and scheduled it for a subsequent hearing on 06.04.2023.
Final Hearing
The Tribunal adjourned the appeal to 03.02.2023 for hearing due to the absence of the respondent.
Final Hearing
The Tribunal noted the presence of the appellant's counsel and the absence of the respondent, subsequently listing the case for hearing on 19.12.2022.
Final Hearing
The Tribunal granted an adjournment requested by the respondent's counsel and rescheduled the hearing for December 2, 2022.
For Order
The Tribunal directed both parties to exchange a list of dates and events and scheduled the appeal for a hearing on November 3, 2022.
Further Order
The Tribunal directed the parties to exchange and submit a list of dates, events, and relied-upon judgments before the next hearing scheduled for September 28, 2022.
Further Order
The Tribunal granted an adjournment application filed by the respondent's counsel and rescheduled the hearing for August 31, 2022.
Further Order
The appellant expressed intent to pay the remaining Rs. 10,000/- of a previously imposed cost to the respondent via cheque, which the respondent's counsel declined due to an intention to challenge the Tribunal's order in the High Court.
for delivery of Judgment/Order
The U.P. Real Estate Appellate Tribunal allowed the appellant's application for condonation of delay, subject to a cost of ₹20,000 payable to the Tribunal and the respondent, and directed that the appeal be registered as a regular appeal.
Delay condonation
The Tribunal heard arguments regarding the point of limitation and directed both counsels to file recent relevant case law within 15 days, reserving judgment on the issue.
Delay condonation
The Tribunal granted an adjournment requested by the Appellant's counsel due to a conflict in the High Court and scheduled the case for 09.11.2021 to consider the application for condonation of delay.
Delay condonation
The case is adjourned to 26.03.2021 due to learned advocates abstaining from judicial work in support of a call by the Oudh Bar Association.
Hearing
The Tribunal granted the appellant's counsel additional time to prepare his brief and rescheduled the hearing for consideration of the condonation of delay application to 04.03.2021.
Hearing
The Tribunal granted the appellant a one-week extension to prepare their brief and scheduled the matter for 23.02.2021 to consider the application for condonation of delay.
Tribunal Order #0901126004102019-19-04-2022
The U.P. Real Estate Appellate Tribunal allowed the appellant's application for condonation of delay, subject to a cost of ₹20,000 payable to the Tribunal and the respondent, and directed that the appeal be registered as a regular appeal.
Tribunal Order #0901126004102019-07-05-2024
The Appellate Tribunal modified the Regulatory Authority's order by setting aside the 18% interest rate and the Rs. 6,00,000 compensation award, instead directing the appellant to pay interest at the SBI MCLR + 1% rate.
Tribunal Order #0901126004102019-01-03-2024
The Tribunal heard arguments regarding an appeal by M/s. Jai Prakash Associates Ltd. against a direction to pay 18% interest and Rs. 6 lacs in compensation; the parties reached a partial consensus on modifying the interest rate to MCLR+1%, and the order was reserved for judgment.
Tribunal Order #0901126004102019-24-05-2022
The appellant expressed intent to pay the remaining Rs. 10,000/- of a previously imposed cost to the respondent via cheque, which the respondent's counsel declined due to an intention to challenge the Tribunal's order in the High Court.
Tribunal Disposal & Final Award Ruling
The U.P. Real Estate Appellate Tribunal allowed the appellant's application for condonation of delay, subject to a cost of ₹20,000 payable to the Tribunal and the respondent, and directed that the appeal be registered as a regular appeal. The Appellate Tribunal modified the Regulatory Authority's order by setting aside the 18% interest rate and the Rs. 6,00,000 compensation award, instead directing the appellant to pay interest at the SBI MCLR + 1% rate. Awarded in favor of Appellant. Awarded interest rate: SBI MCLR + 1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The U.P. Real Estate Appellate Tribunal allowed the appellant's application for condonation of delay, subject to a cost of ₹20,000 payable to the Tribunal and the respondent, and directed that the appeal be registered as a regular appeal. The Appellate Tribunal modified the Regulatory Authority's order by setting aside the 18% interest rate and the Rs. 6,00,000 compensation award, instead directing the appellant to pay interest at the SBI MCLR + 1% rate.
Ruling Awarded To
Appellant
Awarded Interest Rate
SBI MCLR + 1%
Interest Period
from the date of respective deposits till the refund of the entire amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Altaf Mansoor
Respondent Advocate(s)
- Prashant Kumar
Official RERA Tribunal Orders (4)
The U.P. Real Estate Appellate Tribunal allowed the appellant's application for condonation of delay, subject to a cost of ₹20,000 payable to the Tribunal and the respondent, and directed that the appeal be registered as a regular appeal.
The Appellate Tribunal modified the Regulatory Authority's order by setting aside the 18% interest rate and the Rs. 6,00,000 compensation award, instead directing the appellant to pay interest at the SBI MCLR + 1% rate.
The Tribunal heard arguments regarding an appeal by M/s. Jai Prakash Associates Ltd. against a direction to pay 18% interest and Rs. 6 lacs in compensation; the parties reached a partial consensus on modifying the interest rate to MCLR+1%, and the order was reserved for judgment.
The appellant expressed intent to pay the remaining Rs. 10,000/- of a previously imposed cost to the respondent via cheque, which the respondent's counsel declined due to an intention to challenge the Tribunal's order in the High Court.
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