Appellant / Complainant
Kanchan Prabha, Anil Kumar Mishra
Respondent
Lucknow Development Authority
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 0901126012152020 by Kanchan Prabha, Anil Kumar Mishra against Lucknow Development Authority before up_rera.
for delivery of Judgment/Order
The U.P. Real Estate Appellate Tribunal set aside the Regulatory Authority's order and directed the Lucknow Development Authority to pay interest at the rate of MCLR + 1% per annum to allottees for delayed possession, ruling that executing a conveyance deed does not forfeit the right to claim compensation.
Tribunal Order #0901126012152020-17-09-2021
The U.P. Real Estate Appellate Tribunal set aside the Regulatory Authority's order and directed the Lucknow Development Authority to pay interest at the rate of MCLR + 1% per annum to allottees for delayed possession, ruling that executing a conveyance deed does not forfeit the right to claim compensation.
Tribunal Disposal & Final Award Ruling
The U.P. Real Estate Appellate Tribunal set aside the Regulatory Authority's order and directed the Lucknow Development Authority to pay interest at the rate of MCLR + 1% per annum to allottees for delayed possession, ruling that executing a conveyance deed does not forfeit the right to claim compensation. Awarded in favor of Appellant. Awarded interest rate: MCLR + 1 percent.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The U.P. Real Estate Appellate Tribunal set aside the Regulatory Authority's order and directed the Lucknow Development Authority to pay interest at the rate of MCLR + 1% per annum to allottees for delayed possession, ruling that executing a conveyance deed does not forfeit the right to claim compensation.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR + 1 percent
Interest Period
from the promised date of possession to the date of receipt of OC/CC from the competent authority or the actual date of possession whichever is earlier
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Hridesh Srivastava
Respondent Advocate(s)
- Harish Pandey
Official RERA Tribunal Orders (1)
The U.P. Real Estate Appellate Tribunal set aside the Regulatory Authority's order and directed the Lucknow Development Authority to pay interest at the rate of MCLR + 1% per annum to allottees for delayed possession, ruling that executing a conveyance deed does not forfeit the right to claim compensation.
Need to research all rulings for a builder?
Extract builder dossiers, check execution status, and draft RERA appeal petitions in minutes using TathyaGrid.