https://www.taxtmi.com/caselaws?id=377711 The court ruled in a consumer complaint case that the buyer was entitled to seek a refund after a significant delay in possession of the property. The court criticized the one-sided Buyer's Agreement terms and emphasized the buyer's right to claim reasonable interest or compensation. The court justified the orders for refund and modified the interest rate from 12% to 9% per annum. The judgment affirmed the NCDRC's directions for refund and interest payment, with the outstanding amount to be released from the deposited funds by the appellant. The appeal was disposed of with the modification of the interest rate and no costs awarded. en-us Mon, 25 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 06:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377711 The court ruled in a consumer complaint case that the buyer was entitled to seek a refund after a significant delay in possession of the property. The court criticized the one-sided Buyer's Agreement terms and emphasized the buyer's right to claim reasonable interest or compensation. The court justified the orders for refund and modified the interest rate from 12% to 9% per annum. The judgment affirmed the NCDRC's directions for refund and interest payment, with the outstanding amount to be released from the deposited funds by the appellant. The appeal was disposed of with the modification of the interest rate and no costs awarded. Case-Laws Indian Laws Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377711