RERA Tribunal Possesses Both Appellate and Revision Powers; Interest Payable Only After Pre-Deposit under Section 43(5): Allahabad High Court

The case revolves around multiple RERA Appeals filed against orders of the Adjudicating Officer and the Regulatory Authority regarding the grant of interest to homebuyers. The Appellate Tribunal had earlier passed orders on these appeals, which were challenged in the High Court. The court reviewed the powers of the Tribunal under Sections 43, 44, and 45 of the Real Estate (Regulation and Development) Act, 2016 (RERA Act) and clarified the…