Appellant / Complainant
Satish Koli
Respondent
Parakh Infrastructure Pvt Ltd
parakh infrastructure pvt ltd
₹26,37,186
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 0901126028152024 by Satish Koli against Parakh Infrastructure Pvt Ltd before up_rera.
Hearing
The Tribunal allowed the appeal, ruling that the appellant is entitled to interest at MCLR+1% on his total deposit until bank foreclosure and on the remaining balance until actual payment, while restoring the execution petition.
Hearing
The Tribunal adjourned the appeal and imposed a cost of Rs. 10,000/- to be paid to the appellant, warning that the matter will proceed ex-parte if the respondent fails to appear at the next hearing on 01.04.2025.
Hearing
The Tribunal granted a request to list the appeal for orders or hearing on March 6, 2025, and directed that pleadings be completed in the interim.
Hearing
The Tribunal granted an adjournment requested by the respondent's counsel and scheduled the appeal for hearing on 12.02.2025, with a strict directive that no further adjournments will be permitted.
For Order
The Tribunal granted a request from the respondent's counsel to reschedule the hearing of the appeal to 17.01.2025.
Delay condonation
Upon the request of the respondent's counsel, the tribunal has adjourned the appeal for orders/hearing to 18.12.2024.
Delay condonation
The Tribunal granted an adjournment request from the appellant's counsel and rescheduled the hearing for November 20, 2024, noting that no further adjournments will be permitted.
Admission
The Tribunal granted the appellant 10 days to file a reply to the objections raised by the respondent and scheduled the matter for orders on 15.10.2024.
Admission
The Tribunal deemed service of notice on the respondent sufficient and granted a 10-day extension for the respondent to file objections, with the matter listed for hearing on 05.09.2024.
Admission
The Tribunal issued notice to the respondent and outlined the procedural timeline for service of appeal documents, filing of objections, and subsequent replies.
Tribunal Order #0901126028152024-01-04-2025
The Tribunal allowed the appeal, ruling that the appellant is entitled to interest at MCLR+1% on his total deposit until bank foreclosure and on the remaining balance until actual payment, while restoring the execution petition.
Tribunal Order #0901126028152024-06-03-2025
The Tribunal adjourned the appeal and imposed a cost of Rs. 10,000/- to be paid to the appellant, warning that the matter will proceed ex-parte if the respondent fails to appear at the next hearing on 01.04.2025.
Tribunal Disposal & Final Award Ruling
The Tribunal allowed the appeal, ruling that the appellant is entitled to interest at MCLR+1% on his total deposit until bank foreclosure and on the remaining balance until actual payment, while restoring the execution petition. Awarded in favor of Appellant. Awarded interest rate: MCLR+1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal allowed the appeal, ruling that the appellant is entitled to interest at MCLR+1% on his total deposit until bank foreclosure and on the remaining balance until actual payment, while restoring the execution petition.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1%
Interest Period
till the date of foreclosure of bank account and thereafter on the balance amount till the date of actual payment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Rishindra Vikram Singh
Respondent Advocate(s)
- Indresh Vikram Singh
Official RERA Tribunal Orders (2)
The Tribunal allowed the appeal, ruling that the appellant is entitled to interest at MCLR+1% on his total deposit until bank foreclosure and on the remaining balance until actual payment, while restoring the execution petition.
The Tribunal adjourned the appeal and imposed a cost of Rs. 10,000/- to be paid to the appellant, warning that the matter will proceed ex-parte if the respondent fails to appear at the next hearing on 01.04.2025.
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