M.DURAISWAMY, SUNDER MOHAN
K. G. Foundations (P) Ltd. , Re. by its Authorised Representative/Assistant Manager Mr. Mahendra Chug, Chennai – Appellant
Versus
V. Gnanasambandam – Respondent
JUDGMENT :
M. Duraiswamy, J.
1. Challenging the order passed by the Tamil Nadu Real Estate Appellate Tribunal, Chennai in Appeal No.7 of 2022, the appellant before the Tribunal has filed the above Civil Miscellaneous Second Appeal.
2. By the order impugned in the appeal, the Tribunal dismissed the appeal for non-compliance of Section 43(5) of the Real Estate (Regulation and Development) Act, 2016. As per the provision of Section 43(5), where a promoter files an appeal with the Appellate Tribunal, it shall not be entertained, without the promoter first having deposited with the Appellate Tribunal at least 30% of the penalty, or such higher percentage as may be determined by the Appellate Tribunal, or the total amount to be paid to the allottee including interest and compensation imposed on him, if any, or with both, as the case may be, before the said appeal is heard.
3. In the Judgment reported in 2021 SCC Online SC 1044 [M/s. Newtech Promoters & Developers Pvt. Ltd. V State of UP and others], the Hon'ble Supreme Court, while dealing with the provision of Section 43(5), held that the promoter, while filing an appeal as against the order passed by the Original Authority, should deposit
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.