The Allahabad High Court has held that Real Estate Appellate Tribunal can prescribe pre-deposit higher than 30% only in exceptional cases and after recording reasons for the same. An appellant against the order of the RERA, dated 10.04.2019 was filed whereby penalty @ MCLR + 1% w.e.f. 01.07.2012 was imposed on the appellant.At the time
Power of Real Estate Appellate Tribunal to Require Pre-Deposit of more than 30% should be exercised in rare cases: Allahabad HC
