Appellant / Complainant
Narendra Verma
Respondent
Panchsheel Buildtech Pvt. Ltd
panchsheel buildtech pvt. ltd
₹60,83,264
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 0901126013972020 by Narendra Verma against Panchsheel Buildtech Pvt. Ltd before up_rera.
for delivery of Judgment/Order
The Tribunal dismissed the appeal, ruling that the RERA Act 2016 does not provide a mechanism for adjudicating independent commercial arrangements such as assured returns or pre-EMI payment obligations offered by developers to attract buyers.
Hearing
The Tribunal heard arguments from both parties regarding a grievance over non-payment of pre-EMI and subsequently reserved the judgment for further deliberation.
Hearing
The Tribunal noted that the appeal is ready for hearing and scheduled the matter for orders/hearing on 06.07.2023.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel due to a family exigency and rescheduled the hearing for December 6, 2022.
Hearing
This text is a case heading/caption for Appeal-4/2021 between Narendra Verma and Panchsheel Buildtech Pvt. Ltd., representing the formal identification of the parties and the court bench.
Hearing
The Tribunal granted an adjournment requested by the respondent's counsel and scheduled the appeal for hearing on 29.09.2022.
Hearing
The Tribunal granted the appellant's counsel one week to prepare her brief and rescheduled the hearing for 06.09.2022.
Hearing
The Tribunal adjourned the matter and scheduled the appeal for a hearing on 17.08.2022 after noting that the appellant did not wish to file a reply to the respondent's objections.
Hearing
The Tribunal directed the parties to file concise written arguments and exchange them before the next hearing, scheduling the final hearing for 27.07.2022.
Hearing
The Tribunal directed both parties to file and exchange concise written submissions along with relied-upon judgments within 20 days and scheduled the appeal for hearing on 19.05.2022.
Hearing
The Tribunal adjourned the appeal due to the absence of the respondent and scheduled the matter for hearing on 13.04.2022.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel due to illness and set a timeline for the respondent to file objections within ten days.
Hearing
The Tribunal directed the respondent to formally file its objections in the Registry and serve a copy to the appellant, with the matter scheduled for hearing on 06.01.2022.
Hearing
The Tribunal granted an adjournment requested by the appellant's counsel due to personal difficulties and rescheduled the hearing for 14.12.2021.
Hearing on Appeal
The Tribunal granted an adjournment requested by the appellant's counsel due to illness and set a timeline for the respondent to file objections and the appellant to file a reply.
Hearing on Appeal
The Tribunal adjourned the appeal to 23.11.2021 and directed the parties to exchange pleadings and file originals in the Registry prior to the next hearing.
Hearing on Appeal
The Tribunal granted an adjournment requested by the appellant's counsel due to personal difficulties and rescheduled the hearing for November 2, 2021.
Delay condonation
The Tribunal allowed the application for condonation of delay based on Supreme Court guidelines regarding the COVID-19 limitation extension and converted the defective appeal into a regular appeal.
Delay condonation
The Tribunal granted a request for adjournment from the appellant's counsel due to personal difficulties and rescheduled the hearing to 06.04.2021.
For Order
The appeal was adjourned due to an ongoing strike by the Oudh Bar Association, with the matter rescheduled for hearing on 17.03.2021.
For Order
The Tribunal issued fresh notice to the respondent via email due to their non-appearance and directed the parties to exchange documents regarding the application for condonation of delay and the memo of appeal via email.
Tribunal Order #0901126013972020-17-07-2023
The Tribunal dismissed the appeal, ruling that the RERA Act 2016 does not provide a mechanism for adjudicating independent commercial arrangements such as assured returns or pre-EMI payment obligations offered by developers to attract buyers.
Tribunal Order #0901126013972020-13-09-2021
The Tribunal allowed the application for condonation of delay based on Supreme Court guidelines regarding the COVID-19 limitation extension and converted the defective appeal into a regular appeal.
Tribunal Disposal & Final Award Ruling
The Tribunal dismissed the appeal, ruling that the RERA Act 2016 does not provide a mechanism for adjudicating independent commercial arrangements such as assured returns or pre-EMI payment obligations offered by developers to attract buyers. Awarded in favor of Respondent. Awarded interest rate: MCLR+1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal dismissed the appeal, ruling that the RERA Act 2016 does not provide a mechanism for adjudicating independent commercial arrangements such as assured returns or pre-EMI payment obligations offered by developers to attract buyers.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR+1%
Interest Period
from 24.06.2018 till the date of receipt of OC/CC
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Abhishek Khare
- Aahuti Agarwal
Respondent Advocate(s)
- Amit Yadav
Official RERA Tribunal Orders (2)
The Tribunal dismissed the appeal, ruling that the RERA Act 2016 does not provide a mechanism for adjudicating independent commercial arrangements such as assured returns or pre-EMI payment obligations offered by developers to attract buyers.
The Tribunal allowed the application for condonation of delay based on Supreme Court guidelines regarding the COVID-19 limitation extension and converted the defective appeal into a regular appeal.
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