Appellant / Complainant
Hari Mohan Srivastava
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 0901126012172020 by Hari Mohan Srivastava 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% for delayed possession, ruling that allottees retain their right to claim compensation even after executing a conveyance deed.
Tribunal Order #0901126012172020-17-09-2021
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% for delayed possession, ruling that allottees retain their right to claim compensation even after executing a conveyance deed.
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% for delayed possession, ruling that allottees retain their right to claim compensation even after executing a conveyance deed. 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% for delayed possession, ruling that allottees retain their right to claim compensation even after executing a conveyance deed.
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% for delayed possession, ruling that allottees retain their right to claim compensation even after executing a conveyance deed.
Need to research all rulings for a builder?
Extract builder dossiers, check execution status, and draft RERA appeal petitions in minutes using TathyaGrid.