Recently, the Allahabad High Court stated that the Levy of interest as provided in section 18 of the Real Estate Regulation & Development Act, 2016 is compensatory in character and can operate retrospectively. The bench of Justice Alok Mathur was dealing with the appeal challenging the order passed by the Appellate Tribunal. In this case,
RERA| Levy of interest as provided in section 18 is compensatory in character and can operate retrospectively: Allahabad HC
