up_reraStatus: Completed
CASE ID: 0901126037682023

Appellant / Complainant

Jayant Prabhakar

VS

Respondent

Icici Bank

Disputed Amount

62,42,000

Disposal Award

Respondent

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Legal Issues & Claims Raised

Delay in PossessionRefund of InvestmentDelay Compensation / Interest

Case Procedural History & Progression Tree

Visual step-by-step tree detailing dispute origin, interim hearings, and final tribunal ruling.

4 Milestones
Filing Phase

Complaint Filing & Dispute Registration

Complaint registered under Case ID 0901126037682023 by Jayant Prabhakar against Icici Bank before up_rera.

Delay in PossessionRefund of InvestmentDelay Compensation / Interest
2
Stage 121/08/2023

For Order

The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by Apex Dream Homes Pvt. Ltd., upholding the previous order to refund Rs. 62,42,000/- to the appellant and ruling that subsequent actions regarding bank loan settlements do not constitute grounds for review.

3
Stage 2Final Ruling Order

Tribunal Order #0901126037682023-21-08-2023

The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by Apex Dream Homes Pvt. Ltd., upholding the previous order to refund Rs. 62,42,000/- to the appellant and ruling that subsequent actions regarding bank loan settlements do not constitute grounds for review.

Disposal Phase

Tribunal Disposal & Final Award Ruling

The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by Apex Dream Homes Pvt. Ltd., upholding the previous order to refund Rs. 62,42,000/- to the appellant and ruling that subsequent actions regarding bank loan settlements do not constitute grounds for review. Awarded in favor of Respondent. Awarded interest rate: MCLR+1%.

Disposal Winner: RespondentInterest Rate: MCLR+1%Status: Completed

Final Tribunal Order & Ruling Verdict Summary

Official Ruling Summary

The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by Apex Dream Homes Pvt. Ltd., upholding the previous order to refund Rs. 62,42,000/- to the appellant and ruling that subsequent actions regarding bank loan settlements do not constitute grounds for review.

Ruling Awarded To

Respondent

Awarded Interest Rate

MCLR+1%

Interest Period

from the date of deposit till the date of payment to the appellant

Verified Tribunal DocumentationDownload Official Final Tribunal Order PDF

Statutory Sections Cited (RERA Act 2016)

Section 18(1)

Appearing Legal Counsel & Advocates

Respondent Advocate(s)

  • Harish Pandey

Official RERA Tribunal Orders (1)

FINAL_ORDEROrder ID: 0901126037682023-21-08-2023

The Uttar Pradesh Real Estate Appellate Tribunal rejected the review application filed by Apex Dream Homes Pvt. Ltd., upholding the previous order to refund Rs. 62,42,000/- to the appellant and ruling that subsequent actions regarding bank loan settlements do not constitute grounds for review.

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