Supreme Court Upholds Refund for Delayed Flat Possession with Increased Interest Rate

In a significant ruling on Monday, the Supreme Court upheld the National Consumer Disputes Redressal Commission’s (NCDRC) decision requiring a developer to refund the entire amount paid by home buyers due to delayed possession of their flat. The apex court also increased the interest rate from 9% to 12% per annum, emphasizing that the buyers

To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.

Click to Subscribe

If you are already a VIP Member, Click to Login Now