Supreme Court Partially Allows Appeal in Consumer Dispute Over Interest Rate and Compensation for Delayed Flat Possession. The Court held that the NCDRC's award of 9% interest per annum on the refund amount was fair and reasonable, and reduced compensation from Rs. 10,00,000 to Rs. 7,50,000, considering the appellant's status as a state instrumentality.
19 Feb 2024The dispute arose from a consumer complaint filed by a home buyer against a developer for delayed possession of a 3 BHK flat and unfair trade practice...




