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

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