https://www.taxtmi.com/caselaws?id=104755 In development scheme disputes, compensation for mental agony is not ordinarily recoverable on ordinary contractual principles; such damages require a foundation in administrative law, including mala fide or capricious exercise of power, which was absent here. Interest may still be awarded on equitable grounds even without an express or implied contractual term where the authority has retained money without justification, because the relief compensates for deprivation of funds. The brochure clause excluding interest was not enforceable in favour of the authority on these facts. The rate of interest must be fair and proportionate; 12 per cent per annum was treated as appropriate on the circumstances stated. en-us Fri, 12 May 2000 00:00:00 +0530 Mon, 30 Dec 2013 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104755 In development scheme disputes, compensation for mental agony is not ordinarily recoverable on ordinary contractual principles; such damages require a foundation in administrative law, including mala fide or capricious exercise of power, which was absent here. Interest may still be awarded on equitable grounds even without an express or implied contractual term where the authority has retained money without justification, because the relief compensates for deprivation of funds. The brochure clause excluding interest was not enforceable in favour of the authority on these facts. The rate of interest must be fair and proportionate; 12 per cent per annum was treated as appropriate on the circumstances stated. Case-Laws Companies Law Fri, 12 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104755