Appellant / Complainant
Kvir Towers Private Limited
Respondent
Uttar Pradesh Real Estate Regulatory Authority
kvir towers private limited
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 0901126019992025 by Kvir Towers Private Limited against Uttar Pradesh Real Estate Regulatory Authority before up_rera.
for delivery of Judgment/Order
The Tribunal set aside the order rejecting the registration of the appellant's projects and ruled that the NCLT-approved resolution plan does not violate the provisions of the Real Estate (Regulation and Development) Act, 2016, regarding the management of project bank accounts.
Further Hearing
The Tribunal has heard the arguments from both the appellant and the respondent and has reserved the judgment for further communication.
Defect Removal
The Tribunal adjourned the appeal for further hearing on 28.07.2025 and directed both parties to submit their written arguments.
Defect Removal
The Tribunal granted a request for adjournment by the appellant's counsel and scheduled the appeal for hearing on 23.07.2025.
Defect Removal
Upon the joint request of the counsels for both parties, the tribunal has adjourned the appeal for hearing/orders to 08.07.2025.
Defect Removal
The Tribunal granted the appellant's application for waiver from the Section 43(5) deposit mandate, ruling that no deposit is required since the impugned order pertains to the rejection of a project registration application, and issued notice to the respondent for the main appeal.
Tribunal Order #0901126019992025-11-08-2025
The Tribunal set aside the order rejecting the registration of the appellant's projects and ruled that the NCLT-approved resolution plan does not violate the provisions of the Real Estate (Regulation and Development) Act, 2016, regarding the management of project bank accounts.
Tribunal Order #0901126019992025-30-05-2025
The Tribunal granted the appellant's application for waiver from the Section 43(5) deposit mandate, ruling that no deposit is required since the impugned order pertains to the rejection of a project registration application, and issued notice to the respondent for the main appeal.
Tribunal Disposal & Final Award Ruling
The Tribunal set aside the order rejecting the registration of the appellant's projects and ruled that the NCLT-approved resolution plan does not violate the provisions of the Real Estate (Regulation and Development) Act, 2016, regarding the management of project bank accounts. Awarded in favor of Appellant.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal set aside the order rejecting the registration of the appellant's projects and ruled that the NCLT-approved resolution plan does not violate the provisions of the Real Estate (Regulation and Development) Act, 2016, regarding the management of project bank accounts.
Ruling Awarded To
Appellant
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Siddharth Nandwani
Respondent Advocate(s)
- Shobhit Mohan Shukla
Official RERA Tribunal Orders (2)
The Tribunal set aside the order rejecting the registration of the appellant's projects and ruled that the NCLT-approved resolution plan does not violate the provisions of the Real Estate (Regulation and Development) Act, 2016, regarding the management of project bank accounts.
The Tribunal granted the appellant's application for waiver from the Section 43(5) deposit mandate, ruling that no deposit is required since the impugned order pertains to the rejection of a project registration application, and issued notice to the respondent for the main appeal.
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