Appellant / Complainant
Ashwani Kaushal
Respondent
Yamuna Expressway Industrial Development Authority
Partial
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 0901126024392023 by Ashwani Kaushal against Yamuna Expressway Industrial Development Authority before up_rera.
Delay condonation
The Tribunal condoned the delay in filing the appeal and disposed of it by applying the precedent set in Appeal No. 748/2022, which modifies interest rates for allottees to MCLR+1% per annum under specific conditions regarding possession and premium deposition.
Delay condonation
The Tribunal granted the respondent two days to file a vakalatnama and adjourned the matter to 19.01.2024 for consideration of the application for condonation of delay.
Delay condonation
The Tribunal adjourned the proceedings due to a three-day strike called by the Bar Council of Uttar Pradesh and rescheduled the hearing for 12.10.2023.
Delay condonation
The Tribunal granted an adjournment requested by the appellant's counsel due to her mother's illness and scheduled the hearing for the application for condonation of delay on 04.09.2023.
Delay condonation
The Tribunal disposed of an application for listing the appeal and issued notice to the respondent regarding the application for condonation of delay, scheduling the next hearing for 21.08.2023.
Tribunal Order #0901126024392023-19-01-2024
The Tribunal condoned the delay in filing the appeal and disposed of it by applying the precedent set in Appeal No. 748/2022, which modifies interest rates for allottees to MCLR+1% per annum under specific conditions regarding possession and premium deposition.
Tribunal Disposal & Final Award Ruling
The Tribunal condoned the delay in filing the appeal and disposed of it by applying the precedent set in Appeal No. 748/2022, which modifies interest rates for allottees to MCLR+1% per annum under specific conditions regarding possession and premium deposition. Awarded in favor of Partial. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal condoned the delay in filing the appeal and disposed of it by applying the precedent set in Appeal No. 748/2022, which modifies interest rates for allottees to MCLR+1% per annum under specific conditions regarding possession and premium deposition.
Ruling Awarded To
Partial
Awarded Interest Rate
MCLR+1% per annum
Interest Period
after expiry of four years from the date of allotment letter or deposition of 75% of the total premium of the allotted plot of the respective allottees, whichever is later, till obtaining OC/CC or offer of possession, whichever is later
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Mahima Pahwa
- Soumya Srivastava
Respondent Advocate(s)
- Prashant Kumar Singh
Official RERA Tribunal Orders (1)
The Tribunal condoned the delay in filing the appeal and disposed of it by applying the precedent set in Appeal No. 748/2022, which modifies interest rates for allottees to MCLR+1% per annum under specific conditions regarding possession and premium deposition.
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