Appellant / Complainant
Uttar Pradesh State Industrial Development Corporation Ltd.
Respondent
Jai Kishore Pandey
uttar pradesh state industrial development corporation ltd.
₹84,07,000
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 0901126009302020 by Uttar Pradesh State Industrial Development Corporation Ltd. against Jai Kishore Pandey before up_rera.
for delivery of Judgment/Order
The U.P. Real Estate Appellate Tribunal dismissed the appeals filed by UPSIDC, confirming the Regulatory Authority's order to refund allottees their deposited amounts with interest at the rate of SBI MCLR + 1% due to significant project delays.
Re-Hearing
The court heard arguments from both parties and reserved the judgment for a later date.
Further Order
The Tribunal heard arguments regarding the appellant's replication to the reply and subsequently reserved the judgment for further delivery.
Hearing
The Tribunal allowed an application to delete a specific prayer from the appeal and directed both parties to exchange lists of dates, events, and relied-upon judgments before the next hearing on 25.10.2021.
Hearing
The Tribunal directed the parties to file a list of dates and events along with any relied-upon judgments, scheduling the matter for arguments on 12.04.2021.
Further Hearing
The matter was adjourned at the joint request of both parties and is scheduled for further hearing on 17.03.2021.
Tribunal Order #0901126009302020-31-10-2022
The U.P. Real Estate Appellate Tribunal dismissed the appeals filed by UPSIDC, confirming the Regulatory Authority's order to refund allottees their deposited amounts with interest at the rate of SBI MCLR + 1% due to significant project delays.
Tribunal Disposal & Final Award Ruling
The U.P. Real Estate Appellate Tribunal dismissed the appeals filed by UPSIDC, confirming the Regulatory Authority's order to refund allottees their deposited amounts with interest at the rate of SBI MCLR + 1% due to significant project delays. Awarded in favor of Respondent. Awarded interest rate: MCLR + 1% simple interest.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The U.P. Real Estate Appellate Tribunal dismissed the appeals filed by UPSIDC, confirming the Regulatory Authority's order to refund allottees their deposited amounts with interest at the rate of SBI MCLR + 1% due to significant project delays.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR + 1% simple interest
Interest Period
from the date of deposit of the first installment
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Ajay Kumar Singh
Respondent Advocate(s)
- Deepak Dwivedi
Official RERA Tribunal Orders (1)
The U.P. Real Estate Appellate Tribunal dismissed the appeals filed by UPSIDC, confirming the Regulatory Authority's order to refund allottees their deposited amounts with interest at the rate of SBI MCLR + 1% due to significant project delays.
Need to research all rulings for uttar pradesh state industrial development corporation ltd.?
Extract builder dossiers, check execution status, and draft RERA appeal petitions in minutes using TathyaGrid.