Appellant / Complainant
Alpha Corp Development Private Limited
Respondent
Prashant Pranjal, Abet Buildcon Private Limited, Uttar Pradesh Real Estate Regulatory Authority Gautam Buddha Nagar
alpha corp development private limited
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 0901126029192023 by Alpha Corp Development Private Limited against Prashant Pranjal, Abet Buildcon Private Limited, Uttar Pradesh Real Estate Regulatory Authority Gautam Buddha Nagar before up_rera.
for delivery of Judgment/Order
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control and marketing rights, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with the appeal.
Defect Removal
The Tribunal heard arguments regarding the compliance of Section 43(5) of the Act 2016 by the applicant and has reserved its order.
Defect Removal
The Tribunal lists Appeal-514/2023 for a hearing on August 1, 2023, noting a previous order passed in Appeal No. 340/2023.
Tribunal Order #0901126029192023-05-09-2023
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control and marketing rights, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with the appeal.
Tribunal Disposal & Final Award Ruling
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control and marketing rights, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with the appeal. Awarded in favor of Respondent. Awarded interest rate: MCLR+1 percent.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control and marketing rights, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with the appeal.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR+1 percent
Interest Period
from the date of initial payment made till total refund of amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Abhishek Khare
- Aahuti Agarwal
- Vikash Verma
Respondent Advocate(s)
- Amit Yadav
Official RERA Tribunal Orders (1)
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control and marketing rights, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with the appeal.
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