Whether Authority under RERA, 2016, has a discretion to waive the deposit of the entire sum ordered to be refunded under Section 43(5) of RERA? | Whether the Authority has discretion to order deposit of a sum lesser then the sum directed to be refunded, including interest and compensation? – Software Engineers and Doctors Housing Co-Operative Society Ltd. and Ors. Vs. The Karnataka Real Estate Regulatory Authority and Anr. – Karnataka High Court

The Hon'ble High Court refers the judgment Newtech Promoters and Developers Pvt. Ltd. v. State of UP and Ors. (2021) ibclaw.in 188 SC and holds that the Tribunal is vested with the jurisdiction to partially waive the pre-deposit of the amount imposed on the promoter by way of penalty only. Insofar as the amounts made due from the promoter under the head of refund of the consideration received, delay compensation and interest, if any awarded, the same is required to be made by way of pre-deposit in order to enable the authority to hear any appeal by the promoter and the issues are answered accordingly.

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