Supreme Court · 2004 INSC 548 · Decided 24 September 2004
Haryana Urban Development Authority v. Saurabh Aggarwal
- Court
- Supreme Court of India
- Citation
- 2004 INSC 548 · [2004] SUPP. 4 S.C.R. 705
- Case number
- CIVIL APPEAL No. 5877/2002
- Decided
- 24 September 2004
- Bench
- S.N. VARIAVA, A.K. MATHUR (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Housing: Interest-Rate of-Allotment of plot-Delay in handing over possession­ Despite deposit of substantial amounts-District Forum awarded 18% interest p.a. on the deposited amount-Correctness of-Held: Interest cannot be granted @ 18% p.a. in all cases irrespective of facts-Development charge interest on delayed payment prior to the date of offer of possession-If by that date the original allotment price had been paid the Authority will not be entitled to and will not charge any interest-If anything extra is recovered the Authority will repay that back to the allottee with
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