Appellant / Complainant
Priti Gupta, Shyam Sunder Gupta
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 0901126058552022 by Priti Gupta, Shyam Sunder Gupta against Vxl Realtors Pvt Ltd, Red Cee Constructions Pvt. Ltd. Vxl Realtors Pvt Ltd before up_rera.
Re-Hearing
The Tribunal modified the previous order to rule that after the enforcement of the Real Estate (Regulation and Development) Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, regardless of higher interest rates stipulated in the original 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 following a joint request from counsel to allow the parties time to pursue an amicable settlement.
For Order
The Tribunal heard arguments from both counsels regarding the appeal and has reserved the judgment for a later date.
For Order
The Tribunal granted time to both counsels to submit supporting judgments and scheduled the appeal for further hearing on 28.08.2024.
For Order
The Tribunal issued a procedural order directing the parties to refer to the orders previously passed in Appeal No. 794/2022.
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 absence of the respondent's counsel on leave, scheduled the appeal for a hearing on 11.03.2024.
For Order
The Tribunal noted that no time was left during the session and ordered the appeal to be listed 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 has scheduled 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 directed the issuance of fresh notice to the respondent and outlined the procedural requirements for service of the appeal via speed post and email.
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 for non-compliance with previous orders.
Notice
The Tribunal granted a one-week extension to the appellant for filing an affidavit of service and adjourned the matter to 11.01.2023 following a request for adjournment by counsel.
Admission
The Tribunal issued a notice to the respondent and outlined the procedural steps for service of notice and filing of objections/replies before the next hearing on 23.12.2022.
Tribunal Order #0901126058552022-17-02-2025
The Tribunal modified the previous order to rule that after the enforcement of the Real Estate (Regulation and Development) Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, regardless of higher interest rates stipulated in the original agreement.
Tribunal Order #0901126058552022-13-02-2023
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 for non-compliance with previous orders.
Tribunal Disposal & Final Award Ruling
The Tribunal modified the previous order to rule that after the enforcement of the Real Estate (Regulation and Development) Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, regardless of higher interest rates stipulated in the original agreement. Awarded in favor of Appellant. Awarded interest rate: MCLR+1%.
Final Tribunal Order & Ruling Verdict Summary
Official Ruling Summary
The Tribunal modified the previous order to rule that after the enforcement of the Real Estate (Regulation and Development) Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, regardless of higher interest rates stipulated in the original agreement.
Ruling Awarded To
Appellant
Awarded Interest Rate
MCLR+1%
Statutory Sections Cited (RERA Act 2016)
Appearing Legal Counsel & Advocates
Appellant Advocate(s)
- Bal Kishor Verma
- Amit Yadav
Respondent Advocate(s)
- Azhar Ikram
- Manish Singh
Official RERA Tribunal Orders (2)
The Tribunal modified the previous order to rule that after the enforcement of the Real Estate (Regulation and Development) Act 2016, interest rates for defaults by either the promoter or allottee must be at the prescribed rate of MCLR+1%, regardless of higher interest rates stipulated in the original agreement.
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 for non-compliance with previous orders.
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