Appellant / Complainant
Air Force Naval Housing Board
Respondent
Rakesh Chander Saxena
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 0901126018362020 by Air Force Naval Housing Board against Rakesh Chander Saxena before up_rera.
for delivery of Judgment/Order
The Appellate Tribunal dismissed 48 appeals filed by the Air Force Naval Housing Board, upholding the U.P. RERA order for interest payments at MCLR+1% due to project delays, and directed that pre-deposited funds be transferred to U.P. RERA for distribution to allottees.
Hearing
The order refers the parties to a previous order passed on a specific date regarding Appeal No. D 21/2023.
For Order
This is a procedural order directing the parties to refer to a previously passed order dated in Appeal No. D 866/2021.
For Order
The Tribunal has ordered the matter to be put up for hearing on 13.02.2024.
For Order
The Tribunal listed the case for hearing on July 12, 2023, specifically to consider an application for condonation of delay.
For Order
The Tribunal allowed the applicant's application to amend the prayer clause, limiting the challenge specifically to the Regulatory Authority's direction regarding interest for delayed possession.
Hearing
The Tribunal granted the appellant two weeks to file a reply to the respondent's objections and scheduled the matter for 14.12.2022 to consider the application for condonation of delay.
Notice
The Tribunal granted the respondent 10 days to file objections to the application for condonation of delay and grounds of appeal, with a subsequent deadline for the appellant's reply and scheduled the matter for hearing on 13.10.2022.
Tribunal Order #0901126018362020-07-05-2024
The Appellate Tribunal dismissed 48 appeals filed by the Air Force Naval Housing Board, upholding the U.P. RERA order for interest payments at MCLR+1% due to project delays, and directed that pre-deposited funds be transferred to U.P. RERA for distribution to allottees.
Tribunal Order #0901126018362020-14-12-2022
The Tribunal allowed the applicant's application to amend the prayer clause, limiting the challenge specifically to the Regulatory Authority's direction regarding interest for delayed possession.
Tribunal Disposal & Final Award Ruling
The Appellate Tribunal dismissed 48 appeals filed by the Air Force Naval Housing Board, upholding the U.P. RERA order for interest payments at MCLR+1% due to project delays, and directed that pre-deposited funds be transferred to U.P. RERA for distribution to allottees. Awarded in favor of Respondent. Awarded interest rate: MCLR + 1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Appellate Tribunal dismissed 48 appeals filed by the Air Force Naval Housing Board, upholding the U.P. RERA order for interest payments at MCLR+1% due to project delays, and directed that pre-deposited funds be transferred to U.P. RERA for distribution to allottees.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR + 1%
Interest Period
w.e.f. 01.07.2012 till offer of possession or obtaining of OC whichever is later
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Prashant Kumar
- N A
- Harsh Vardhan
Respondent Advocate(s)
- Ramakant
- Pushpendra Kumar
Official RERA Tribunal Orders (2)
The Appellate Tribunal dismissed 48 appeals filed by the Air Force Naval Housing Board, upholding the U.P. RERA order for interest payments at MCLR+1% due to project delays, and directed that pre-deposited funds be transferred to U.P. RERA for distribution to allottees.
The Tribunal allowed the applicant's application to amend the prayer clause, limiting the challenge specifically to the Regulatory Authority's direction regarding interest for delayed possession.
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