https://www.taxtmi.com/caselaws?id=768010 SC partly allowed the appeal, holding that the homebuyer could not be compelled to take possession of the flat after inordinate delay and was entitled to refund with reasonable interest. It restored the NCDRC's direction granting interest at 9% p.a. on the deposited amount till actual payment, finding the HC's enhancement to 15% p.a. excessive and unjustified. SC also reduced the compensation from Rs. 10,00,000 to Rs. 7,50,000, noting the builder's character as a state instrumentality and balancing equities. The modified NCDRC order, as restored and adjusted, governs the parties' rights. en-us Wed, 26 Mar 2025 00:00:00 +0530 Mon, 01 Dec 2025 11:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768010 SC partly allowed the appeal, holding that the homebuyer could not be compelled to take possession of the flat after inordinate delay and was entitled to refund with reasonable interest. It restored the NCDRC's direction granting interest at 9% p.a. on the deposited amount till actual payment, finding the HC's enhancement to 15% p.a. excessive and unjustified. SC also reduced the compensation from Rs. 10,00,000 to Rs. 7,50,000, noting the builder's character as a state instrumentality and balancing equities. The modified NCDRC order, as restored and adjusted, governs the parties' rights. Case-Laws Indian Laws Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768010