Appellant / Complainant
Vinod Kumar Upadhyay, Abha
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 0901126012162020 by Vinod Kumar Upadhyay, Abha against Lucknow Development Authority before up_rera.
for delivery of Judgment/Order
The Tribunal set aside the Regulatory Authority's order and ruled that allottees are entitled to interest at the rate of MCLR + 1% for delayed possession, even after the execution of conveyance deeds and taking possession.
Tribunal Order #0901126012162020-17-09-2021
The Tribunal set aside the Regulatory Authority's order and ruled that allottees are entitled to interest at the rate of MCLR + 1% for delayed possession, even after the execution of conveyance deeds and taking possession.
Tribunal Disposal & Final Award Ruling
The Tribunal set aside the Regulatory Authority's order and ruled that allottees are entitled to interest at the rate of MCLR + 1% for delayed possession, even after the execution of conveyance deeds and taking possession. Awarded in favor of Appellant. Awarded interest rate: MCLR + 1 percent.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal set aside the Regulatory Authority's order and ruled that allottees are entitled to interest at the rate of MCLR + 1% for delayed possession, even after the execution of conveyance deeds and taking possession.
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 Tribunal set aside the Regulatory Authority's order and ruled that allottees are entitled to interest at the rate of MCLR + 1% for delayed possession, even after the execution of conveyance deeds and taking possession.
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