Appellant / Complainant
Amit Srivastava
Respondent
Ifci Infrastucture Development Limited(Iidl)
ifci infrastucture development limited(iidl)
₹40,52,200
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 0901126004122019 by Amit Srivastava against Ifci Infrastucture Development Limited(Iidl) before up_rera.
for delivery of Judgment/Order
The U.P. Real Estate Appellate Tribunal set aside the RERA Authority's order and directed the respondent to pay interest at the rate of MCLR + 1% per annum for the 52-month delay in handing over possession, calculated from the proposed possession date until the actual offer of possession.
Hearing
The Tribunal heard arguments from both the appellant and respondent, but the judgment has been reserved for a later date.
Final Hearing
The Tribunal allowed the appellant to argue the case in person and directed the Registry to summon the RERA records for Complaint No. 1220172407 to examine the issue of compensation for delayed possession.
Final Hearing
The Tribunal permitted the appellant, Amit Srivastava, to file an application to argue the case in person and disengage his counsel due to his lawyer's unavailability.
Final Hearing
The Tribunal granted an adjournment of the proceedings due to the illness of the appellant's counsel and rescheduled the hearing for 23.11.2022.
Final Hearing
The Tribunal granted an adjournment requested by the respondent's counsel due to his absence from the station and rescheduled the hearing for 15.09.2022.
Final Hearing
The Tribunal granted a joint request from the counsels of both parties to reschedule the hearing of Appeal-270/2019 to 31.08.2022.
Final Hearing
The Tribunal granted an adjournment application filed by the respondent's counsel and rescheduled the hearing for July 1, 2022.
Final Hearing
The Tribunal adjourned the case due to the absence of both parties and scheduled it for a final hearing on 26.04.2022.
Hearing
The Tribunal allowed the applicant's application to recall the dismissal order dated 23.10.2020, restoring the appeal to its original number and scheduling a hearing for 18.01.2022.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel and rescheduled the appeal for hearing on January 5, 2022.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel due to a personal emergency and rescheduled the matter for 10.11.2021.
Delay condonation
The Tribunal noted that lawyers were abstaining from work due to a bar association call and listed the application for condonation of delay in filing a recall application for hearing on 26.03.2021.
Hearing on Appeal
The Tribunal granted a request for adjournment from the respondent's counsel and rescheduled the appeal for hearing on 05.03.2021.
Tribunal Order #0901126004122019-29-05-2023
The U.P. Real Estate Appellate Tribunal set aside the RERA Authority's order and directed the respondent to pay interest at the rate of MCLR + 1% per annum for the 52-month delay in handing over possession, calculated from the proposed possession date until the actual offer of possession.
Tribunal Order #0901126004122019-02-12-2022
The Tribunal allowed the appellant to argue the case in person and directed the Registry to summon the RERA records for Complaint No. 1220172407 to examine the issue of compensation for delayed possession.
Tribunal Disposal & Final Award Ruling
The U.P. Real Estate Appellate Tribunal set aside the RERA Authority's order and directed the respondent to pay interest at the rate of MCLR + 1% per annum for the 52-month delay in handing over possession, calculated from the proposed possession date until the actual offer of possession. Awarded in favor of Appellant. Awarded interest rate: MCLR + 1% p.a..
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The U.P. Real Estate Appellate Tribunal set aside the RERA Authority's order and directed the respondent to pay interest at the rate of MCLR + 1% per annum for the 52-month delay in handing over possession, calculated from the proposed possession date until the actual offer of possession.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR + 1% p.a.
Interest Period
from the proposed date of possession till offer of possession on 26.09.2017
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Waseeq Uddin Ahmed
Respondent Advocate(s)
- Anurag Arora
Official RERA Tribunal Orders (2)
The U.P. Real Estate Appellate Tribunal set aside the RERA Authority's order and directed the respondent to pay interest at the rate of MCLR + 1% per annum for the 52-month delay in handing over possession, calculated from the proposed possession date until the actual offer of possession.
The Tribunal allowed the appellant to argue the case in person and directed the Registry to summon the RERA records for Complaint No. 1220172407 to examine the issue of compensation for delayed possession.
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