Private Settlement Cannot Override Statutory Right to Interest Under RERA Act: Allahabad High Court

The Allahabad High Court (Lucknow Bench) has held that a private settlement or agreement between a promoter and an allottee cannot override the statutory obligations imposed by the Real Estate (Regulation and Development) Act, 2016 (RERA Act). Justice Prashant Kumar dismissed the appeal filed by the Lucknow Development Authority (LDA), affirming the decision of the

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