Appellant / Complainant
Priyadarshini Misra
Respondent
WTC Noida Development Company Pvt. Ltd
wtc noida development company pvt. ltd
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 0901126025122022 by Priyadarshini Misra against WTC Noida Development Company Pvt. Ltd before up_rera.
for delivery of Judgment/Order
The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by WTC Noida Development Company Pvt. Ltd., upholding the previous order that directed the developer to pay interest at MCLR+1% per annum for delay in possession.
Hearing
The Tribunal allowed an application to amend the prayer clause of a review petition and heard arguments regarding whether interest for delay under Section 18 of the Act should be granted despite the payment of assured returns.
For Order
The Tribunal granted the appellant a one-week extension to prepare their brief and scheduled the review application for hearing on 30.09.2022.
Hearing
The Tribunal adjourned the review petition to 12.09.2022 due to the absence of the respondent's counsel and directed that the order be communicated to the respondent via email.
Notice
The Tribunal granted the appellant 10 days to file a reply to the objections and scheduled the review application for hearing on July 28, 2022.
For Order
The Tribunal issued notice to the respondent regarding the applicant's review petition and provided specific procedural instructions for service of notice and filing of objections.
Tribunal Order #0901126025122022-21-10-2022
The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by WTC Noida Development Company Pvt. Ltd., upholding the previous order that directed the developer to pay interest at MCLR+1% per annum for delay in possession.
Tribunal Order #0901126025122022-30-09-2022
The Tribunal allowed an application to amend the prayer clause of a review petition and heard arguments regarding whether interest for delay under Section 18 of the Act should be granted despite the payment of assured returns.
Tribunal Disposal & Final Award Ruling
The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by WTC Noida Development Company Pvt. Ltd., upholding the previous order that directed the developer to pay interest at MCLR+1% per annum for delay in possession. Awarded in favor of Appellant. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by WTC Noida Development Company Pvt. Ltd., upholding the previous order that directed the developer to pay interest at MCLR+1% per annum for delay in possession.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1% per annum
Interest Period
from 14.10.2018 till the date of legal offer of possession after obtaining OC/CC from the competent authority
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- U. K. Misra
Respondent Advocate(s)
- Uma Kant Mishra
Official RERA Tribunal Orders (2)
The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by WTC Noida Development Company Pvt. Ltd., upholding the previous order that directed the developer to pay interest at MCLR+1% per annum for delay in possession.
The Tribunal allowed an application to amend the prayer clause of a review petition and heard arguments regarding whether interest for delay under Section 18 of the Act should be granted despite the payment of assured returns.
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