Victory for Appellant: Rs. 9 Lakh Settlement in Maharashtra Real Estate Appellate Tribunal Case
Appellant emerges victorious with a Rs. 9 lakh settlement in the Maharashtra Real Estate Appellate Tribunal Case. Read the full story of this landmark resolution. #RealEstate #LegalNews #Settlement
In a significant development in the Maharashtra Real Estate Appellate Tribunal, a long-standing dispute between the appellant, Ms. Vidhya Tambe, and M/s Navnath Associates has been successfully resolved through a settlement. The case, numbered AT006000000144243, concluded with a remarkable victory for the appellant, who secured a Rs. 9 lakh settlement along with the possession of the subject flat. This article delves into the details of the case, the consent terms filed by the parties, and the implications of this outcome.
The Maharashtra Real Estate Appellate Tribunal has been the forum for resolving numerous real estate disputes, providing a fair and impartial platform for aggrieved parties to seek justice. In this particular case, Ms. Vidhya Tambe had filed an appeal against M/s Navnath Associates regarding a property dispute. The parties, after engaging in extensive negotiations, reached an agreement and filed consent terms, signaling their intention to settle the matter amicably.
Details of the Settlement:
Ms. Vidhya Tambe, the appellant in the case, confirmed that she had received a settlement amount of Rs. 9,00,000/- from M/s Navnath Associates. In addition to the financial compensation, the respondent also agreed to hand over the possession of the subject flat to the appellant. The terms of the settlement were carefully documented and signed by both parties, underscoring their commitment to honoring the agreement.
Importance of the Consent Terms:
Consent terms play a crucial role in legal proceedings, particularly when parties reach a mutual understanding and decide to resolve their disputes outside the courtroom. By filing consent terms in the Maharashtra Real Estate Appellate Tribunal, Ms. Vidhya Tambe and M/s Navnath Associates demonstrated their willingness to cooperate and find a mutually acceptable solution. These terms serve as a legal framework for enforcing the settlement and provide a solid basis for upholding the rights and obligations of both parties.
Technical Glitch and Absenteeism:
During the proceedings, Mr. Vaibhav Joshi, the authorized representative of M/s Navnath Associates, encountered a technical glitch that prevented his physical presence or remote participation. However, this setback did not hinder the progress of the case as both legal counsels actively represented their respective clients. Ms. Pooja Gaikwad, the counsel for the respondent, affirmed that the matter could proceed and be disposed of in accordance with the agreed-upon consent terms.
The successful settlement of the Maharashtra Real Estate Appellate Tribunal case, numbered AT006000000144243, marks a significant victory for the appellant, Ms. Vidhya Tambe. The resolution, involving a substantial Rs. 9 lakh settlement and the transfer of possession of the subject flat, highlights the effectiveness of alternative dispute resolution mechanisms in the real estate sector. The consent terms filed by the parties provide a solid legal foundation for implementing the settlement and ensure that the rights and obligations of both parties are protected.
As the Maharashtra Real Estate Appellate Tribunal continues to provide a fair and efficient platform for resolving real estate disputes, this case serves as a testament to the importance of negotiations, cooperation, and finding amicable solutions. It sets a precedent for future cases and reinforces the notion that disputes can be settled without protracted legal battles, leading to a win-win situation for all parties involved.
Note: The information provided in this article about Maharashtra Real Estate Regulatory Authority (MahaRERA) is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances. The information provided in this article is based on the case number AT006000000144243 before the Maharashtra Real Estate Regulatory Authority
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