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HomeOther LawsBuilder To Pay 12% Interest On Refund For Giving Delayed Flat Possession...

Builder To Pay 12% Interest On Refund For Giving Delayed Flat Possession To Homebuyer: Delhi Consumer Commission [READ ORDER]

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By Mariya Paliwala
Builder To Pay 12% Interest On Refund For Giving Delayed Flat Possession To Homebuyer: Delhi Consumer Commission [READ ORDER]

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The Delhi State Consumer Disputes Redressal Commission has modified a 2016 District Forum order and directed Ahluwalia Contracts (India) Ltd. to pay 12% annual simple interest—instead of 6%—on the refund of ₹3.24 lakh for failing to hand over possession of a flat booked more than three decades ago.  The bench of Presiding Member Bimla Kumari…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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