Appellant / Complainant
Veena Sharma
Respondent
Vxl Realtors Pvt Ltd, Red Cee Constructions Pvt. Ltd. Vxl Realtors Pvt Ltd
vxl realtors 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 0901126058772022 by Veena Sharma against Vxl Realtors Pvt Ltd, Red Cee Constructions Pvt. Ltd. Vxl Realtors Pvt Ltd before up_rera.
Re-Hearing
The Tribunal modified the impugned order to rule that after the enforcement of the RERA Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, overriding any higher interest clauses in the agreement.
Re-Hearing
The Tribunal granted an adjournment requested by the appellant's counsel and rescheduled the appeal for hearing on 17.02.2025, noting that no further adjournments will be permitted.
For Order
The Tribunal has adjourned the appeal to 29.01.2025 upon the joint request of the counsel to allow the parties time to pursue an amicable settlement.
For Order
The Tribunal heard arguments from both counsels regarding Appeal-795/2022 and has reserved the judgment for further consideration.
For Order
The Tribunal granted both counsels time to refer to supporting judgments and adjourned the appeal for further hearing on 28.08.2024.
For Order
The Tribunal refers to the orders passed in Appeal No. 794/2022 for further directions.
For Order
The Tribunal granted an adjournment requested by the appellant's counsel to examine specific directions from the Adjudicating Officer and rescheduled the hearing for 15.04.2024.
For Order
The Tribunal noted that pleadings have been exchanged and, due to the respondent's counsel being on leave, adjourned the matter for hearing to 11.03.2024.
For Order
The Tribunal has noted that no time remains for the current session and has scheduled the appeal for orders or hearing on 03.11.2023.
For Order
The Tribunal granted the appellant one week to file a reply to the respondent's objections and scheduled the next hearing for September 21, 2023.
For Order
The Tribunal listed the case for orders/hearing on 24.05.2023 and directed reference to a previous order passed in Appeal No. 794/2022.
For Order
The Tribunal granted a request for fresh notice to be issued to the respondent and directed the appellant to serve the notice via speed post and email before the next hearing on 12.04.2023.
For Order
The Tribunal granted a 10-day extension to the appellant's counsel to file an affidavit of service, warning that failure to comply will result in heavy costs.
Notice
The Tribunal granted a one-week extension to the appellant's counsel to file an affidavit of service and adjourned the matter to 11.01.2023 due to a request for adjournment.
Admission
The Tribunal issued a notice to the respondent and outlined procedural instructions for service of process and exchange of objections/replies before the next hearing scheduled for 23.12.2022.
Tribunal Order #0901126058772022-17-02-2025
The Tribunal modified the impugned order to rule that after the enforcement of the RERA Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, overriding any higher interest clauses in the agreement.
Tribunal Disposal & Final Award Ruling
The Tribunal modified the impugned order to rule that after the enforcement of the RERA Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, overriding any higher interest clauses in the agreement. Awarded in favor of Appellant. Awarded interest rate: MCLR+1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal modified the impugned order to rule that after the enforcement of the RERA Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, overriding any higher interest clauses in the agreement.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1%
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Amit Yadav
- Bal Kishor Verma
Respondent Advocate(s)
- Azhar Ikram
- Manish Singh
Official RERA Tribunal Orders (1)
The Tribunal modified the impugned order to rule that after the enforcement of the RERA Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, overriding any higher interest clauses in the agreement.
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