Appellant / Complainant
Sameer Nanda
Respondent
Parsvnath Developers Ltd.
parsvnath developers ltd.
₹40,12,310
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 0901126002592019 by Sameer Nanda against Parsvnath Developers Ltd. before up_rera.
for delivery of Judgment/Order
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 40,12,310.50 with interest at the rate of MCLR+1% per annum from the date of deposit until the date of refund.
Re-Hearing
The Tribunal heard arguments from both parties regarding a refund claim and the status of the project's OC/CC, subsequently reserving judgment.
Hearing
The Tribunal granted a request from the respondent's counsel to adjourn the matter and rescheduled the appeal for hearing on 11.07.2022.
Hearing
The Tribunal adjourned the matter to 20.05.2022 because the counsel for the appellant was on sanctioned leave.
Further Order
The Tribunal heard arguments from both parties and reserved the judgment for a later date.
Arguments
The Tribunal directed both parties to file lists of events and judgments relied upon before the next hearing date, which is scheduled for 09.10.2021.
Arguments
The Tribunal directed both parties to file a list of dates, events, and relied-upon judgments on the e-portal and in physical copy within 15 days, and scheduled the next hearing for 17.03.2021.
Tribunal Order #0901126002592019-15-07-2022
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 40,12,310.50 with interest at the rate of MCLR+1% per annum from the date of deposit until the date of refund.
Tribunal Disposal & Final Award Ruling
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 40,12,310.50 with interest at the rate of MCLR+1% per annum from the date of deposit until the date of refund. Awarded in favor of Appellant. Awarded interest rate: MCLR+1% per annum.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 40,12,310.50 with interest at the rate of MCLR+1% per annum from the date of deposit until the date of refund.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1% per annum
Interest Period
from the date of deposit till the refund
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Saurabh Mishra
Respondent Advocate(s)
- Rajesh Chadha
Official RERA Tribunal Orders (1)
The Tribunal set aside the Regulatory Authority's order and directed the respondent to refund the appellant's deposited amount of Rs. 40,12,310.50 with interest at the rate of MCLR+1% per annum from the date of deposit until the date of refund.
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