Appellant / Complainant
Greater Noida Industrial Development Authority
Respondent
Anil Kumar Agnihotri
₹25,72,000
Respondent
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 0901126013822020 by Greater Noida Industrial Development Authority against Anil Kumar Agnihotri before up_rera.
for delivery of Judgment/Order
The Tribunal dismissed the appeal filed by Greater Noida Industrial Development Authority, upholding the Regulatory Authority's order to refund the respondent's deposit of Rs. 25,72,000 with interest at the rate of MCLR+1% p.a. due to delayed possession.
For Order
The Tribunal heard arguments from the counsel for the appellant and the respondent in person, subsequently reserving the judgment for a later date.
Hearing
The respondent informed the Tribunal that he has received the principal amount via RTGS as per previous orders, and the matter is scheduled for a subsequent hearing on 18.03.2021.
For Order
The appellant's counsel assured the tribunal that all outstanding dues would be remitted to the respondent by February 26, 2021, and the court directed the appellant to honor this commitment.
For Order
The Tribunal granted a one-week extension to the appellant to comply with the previous order dated 21.01.2021 regarding the RTGS payment to the respondent.
For Order
The Tribunal directed the appellant (GNIDA) to immediately transfer the respondent's deposited money plus interest as prescribed in the scheme brochure via RTGS within 10 days, while reserving the issue of the MCLR+1% interest rate for further examination.
Tribunal Order #0901126013822020-23-02-2021
The appellant's counsel assured the tribunal that all outstanding dues would be remitted to the respondent by February 26, 2021, and the court directed the appellant to honor this commitment.
Tribunal Order #0901126013822020-16-09-2021
The Tribunal dismissed the appeal filed by Greater Noida Industrial Development Authority, upholding the Regulatory Authority's order to refund the respondent's deposit of Rs. 25,72,000 with interest at the rate of MCLR+1% p.a. due to delayed possession.
Tribunal Order #0901126013822020-21-01-2021
The Tribunal directed the appellant (GNIDA) to immediately transfer the respondent's deposited money plus interest as prescribed in the scheme brochure via RTGS within 10 days, while reserving the issue of the MCLR+1% interest rate for further examination.
Tribunal Disposal & Final Award Ruling
The Tribunal dismissed the appeal filed by Greater Noida Industrial Development Authority, upholding the Regulatory Authority's order to refund the respondent's deposit of Rs. 25,72,000 with interest at the rate of MCLR+1% p.a. due to delayed possession. Awarded in favor of Respondent. Awarded interest rate: MCLR+1% p.a..
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal dismissed the appeal filed by Greater Noida Industrial Development Authority, upholding the Regulatory Authority's order to refund the respondent's deposit of Rs. 25,72,000 with interest at the rate of MCLR+1% p.a. due to delayed possession.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR+1% p.a.
Interest Period
from the date of deposit till the date of payment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Rajesh Chadha
Official RERA Tribunal Orders (3)
The appellant's counsel assured the tribunal that all outstanding dues would be remitted to the respondent by February 26, 2021, and the court directed the appellant to honor this commitment.
The Tribunal dismissed the appeal filed by Greater Noida Industrial Development Authority, upholding the Regulatory Authority's order to refund the respondent's deposit of Rs. 25,72,000 with interest at the rate of MCLR+1% p.a. due to delayed possession.
The Tribunal directed the appellant (GNIDA) to immediately transfer the respondent's deposited money plus interest as prescribed in the scheme brochure via RTGS within 10 days, while reserving the issue of the MCLR+1% interest rate for further examination.
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