Appellant / Complainant
Naved Ahmad Siddique
Respondent
SVP Builders India Limited
svp builders india limited
₹15,59,000
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 0901126010522020 by Naved Ahmad Siddique against SVP Builders India Limited before up_rera.
for delivery of Judgment/Order
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 15,59,000 along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Hearing
The court heard arguments from both parties and reserved the judgment for a later date.
Hearing
The Tribunal granted a one-week extension to the respondent's counsel to prepare his brief and rescheduled the appeal hearing for 20.09.2021.
Hearing
The appeal was adjourned to 07.09.2021 because the appellant's counsel was inaudible during the video conferencing session.
Hearing
The Tribunal granted an adjournment to the respondent to allow time to review the appellant's reply and listed the appeal for hearing on 31.08.2021.
Hearing
The U.P. Real Estate Appellate Tribunal dismissed the appeal due to non-prosecution as the appellant and their counsel failed to appear for the hearing.
Hearing
The Tribunal has scheduled the appeal for a hearing on 24.03.2021 due to advocates abstaining from judicial work in support of a call by the Oudh Bar Association.
For Order
The tribunal granted an adjournment requested by the appellant's counsel due to medical reasons and rescheduled the hearing for March 3, 2021.
Final Hearing
The Tribunal granted a request by the respondent's counsel to summon the RERA records from Complaint No. NCR145/05/1101/2019 to investigate allegations that the appeal was filed on false grounds.
Tribunal Order #0901126010522020-24-03-2021
The U.P. Real Estate Appellate Tribunal dismissed the appeal due to non-prosecution as the appellant and their counsel failed to appear for the hearing.
Tribunal Order #0901126010522020-22-01-2021
The Tribunal granted a request by the respondent's counsel to summon the RERA records from Complaint No. NCR145/05/1101/2019 to investigate allegations that the appeal was filed on false grounds.
Tribunal Order #0901126010522020-05-10-2021
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 15,59,000 along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Tribunal Disposal & Final Award Ruling
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 15,59,000 along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund. Awarded in favor of Appellant. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 15,59,000 along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1% per annum
Interest Period
from the date of deposit till the refund of the amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Saghar Mehdi
Respondent Advocate(s)
- Azhar Ikram
- Manish Singh
Official RERA Tribunal Orders (3)
The U.P. Real Estate Appellate Tribunal dismissed the appeal due to non-prosecution as the appellant and their counsel failed to appear for the hearing.
The Tribunal granted a request by the respondent's counsel to summon the RERA records from Complaint No. NCR145/05/1101/2019 to investigate allegations that the appeal was filed on false grounds.
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 15,59,000 along with interest at the rate of MCLR+1% per annum from the date of deposit until the actual refund.
Need to research all rulings for svp builders india limited?
Extract builder dossiers, check execution status, and draft RERA appeal petitions in minutes using TathyaGrid.