Appellant / Complainant
Alpha Corp Development Private Limited
Respondent
Uttar Pradesh Real Estate Regulatory Authority Gautam Buddha Nagar, Rakesh Sharma, Abet Buildcon Private Limited
alpha corp development private limited
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 0901126029272023 by Alpha Corp Development Private Limited against Uttar Pradesh Real Estate Regulatory Authority Gautam Buddha Nagar, Rakesh Sharma, Abet Buildcon Private Limited before up_rera.
for delivery of Judgment/Order
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control over marketing and sales, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with their appeal.
Defect Removal
The Tribunal heard arguments regarding the applicant's compliance with Section 43(5) of the Act 2016 and has reserved its order.
Defect Removal
The Tribunal has ordered the appeal to be listed for a hearing on a future date, referencing a previous order passed in Appeal No. 340/2023.
Tribunal Order #0901126029272023-05-09-2023
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control over marketing and sales, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with their appeal.
Tribunal Disposal & Final Award Ruling
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control over marketing and sales, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with their appeal. Awarded in favor of Respondent. Awarded interest rate: MCLR+1 percent.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control over marketing and sales, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with their appeal.
Ruling Awarded To
Respondent
Awarded Interest Rate
MCLR+1 percent
Interest Period
from the date of initial payment made till total refund of amount
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Abhishek Khare
- Aahuti Agarwal
- Vikas Verma
Respondent Advocate(s)
- Amit Yadav
Official RERA Tribunal Orders (1)
The Tribunal ruled that M/s. Alpha Corp Development Private Limited is a 'promoter' under Section 2(zk) of the RERA Act due to its extensive control over marketing and sales, and directed the applicant to deposit the required amount under Section 43(5) within 10 days to proceed with their appeal.
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