https://www.taxtmi.com/caselaws?id=313008 The SC held that consumer forums under the Consumer Protection Act, 1986 cannot award interest and compensation arbitrarily using rule of thumb methods. Where parties agreed to damages at Rs. 10/- per sq. ft. per month for delayed possession, exceptional reasons are required to award compensation exceeding the agreed rate. The NCDRC's order granting compensation under multiple heads without proper foundation was unsustainable. While complainants were entitled to interest for delayed possession, special punitive damages were not warranted as some delays were beyond the appellant's control. The appeal was allowed. en-us Fri, 10 May 2019 00:00:00 +0530 Mon, 18 Mar 2024 19:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313008 The SC held that consumer forums under the Consumer Protection Act, 1986 cannot award interest and compensation arbitrarily using rule of thumb methods. Where parties agreed to damages at Rs. 10/- per sq. ft. per month for delayed possession, exceptional reasons are required to award compensation exceeding the agreed rate. The NCDRC's order granting compensation under multiple heads without proper foundation was unsustainable. While complainants were entitled to interest for delayed possession, special punitive damages were not warranted as some delays were beyond the appellant's control. The appeal was allowed. Case-Laws Indian Laws Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313008