Appellant / Complainant
Jayant Prabhakar
Respondent
Apex Dream Homes Pvt Ltd, Icici Bank Limited Apex Dream Homes Private Limited
apex dream homes pvt ltd
₹62,42,000
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 0901126030002021 by Jayant Prabhakar against Apex Dream Homes Pvt Ltd, Icici Bank Limited Apex Dream Homes Private Limited before up_rera.
for delivery of Judgment/Order
The Appellate Tribunal set aside the Regulatory Authority's order and directed Respondent No. 1 to refund the appellant's deposited amount of Rs. 62,42,000/- along with interest at the rate of MCLR+1% per annum from the date of deposit until realization.
Hearing
The Tribunal heard arguments regarding a request for adjournment by the respondent's counsel and subsequently reserved judgment in the matter.
Hearing
The Tribunal noted that pleadings have been exchanged and rescheduled the appeal for a hearing on 15.05.2023.
Hearing
The appeal was adjourned due to the absence of the appellant, with the matter rescheduled for hearing on 10.02.2023.
Exchange of pleadings
The Tribunal noted that pleadings have been exchanged and scheduled the appeal for a hearing on 04.11.2022.
Exchange of pleadings
The Tribunal granted the appellant permission to file a replication/rejoinder against the reply filed by Respondent No. 1 and scheduled the next hearing for September 29, 2022.
Further Order
The Tribunal granted Respondent No. 1 a final opportunity to file their Vakalatnama and reply within 10 days, and directed the Appellant to file a rejoinder before the next hearing on 31.08.2022.
Hearing
The Tribunal directed Respondent No. 1 to file its Vakalatnama and reply within 20 days, and permitted the Appellant to file a replication thereafter, scheduling the next hearing for August 2, 2022.
Hearing
The Tribunal granted the respondents a final 15-day opportunity to file a reply and permitted the appellant to file additional documents after serving them to the respondent.
Hearing
The Tribunal directed the respondents to file their replies to the grounds of appeal via email and scheduled the case for a hearing on 25.04.2022.
Notice
The Tribunal directed the appellant to complete service of notice as per the previous order dated 18.11.2021 and scheduled the next hearing for 10.01.2022.
Hearing on Appeal
The Tribunal noted that all registry defects have been removed and ordered the issuance of notice to the respondent via registered post and e-mail, scheduling the next hearing for 09.12.2021.
Tribunal Order #0901126030002021-29-05-2023
The Appellate Tribunal set aside the Regulatory Authority's order and directed Respondent No. 1 to refund the appellant's deposited amount of Rs. 62,42,000/- along with interest at the rate of MCLR+1% per annum from the date of deposit until realization.
Tribunal Disposal & Final Award Ruling
The Appellate Tribunal set aside the Regulatory Authority's order and directed Respondent No. 1 to refund the appellant's deposited amount of Rs. 62,42,000/- along with interest at the rate of MCLR+1% per annum from the date of deposit until realization. Awarded in favor of Appellant. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Appellate Tribunal set aside the Regulatory Authority's order and directed Respondent No. 1 to refund the appellant's deposited amount of Rs. 62,42,000/- along with interest at the rate of MCLR+1% per annum from the date of deposit until realization.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1% per annum
Interest Period
from the date of deposit till the refund of the amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Harish Pandey
- Vinay Gautam
Respondent Advocate(s)
- Sanjeev Singh
- Suchita Singh
Official RERA Tribunal Orders (1)
The Appellate Tribunal set aside the Regulatory Authority's order and directed Respondent No. 1 to refund the appellant's deposited amount of Rs. 62,42,000/- along with interest at the rate of MCLR+1% per annum from the date of deposit until realization.
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