Supreme Court of India · 2004-08-31
Haryana Urban Development Authority & ... vs Surinder Singh
- Citation / case number
- 2004 AIR SCW 4946
- Court
- Supreme Court of India
- Petitioner
- Haryana Urban Development Authority & ...
- Respondent
- Surinder Singh
- Author
- S. N. Variava
- Bench
- S. N. Variava, Arijit Pasayat
Judgment text excerpt
The Supreme Court addressed appeals by the Haryana Urban Development Authority and Ghaziabad Development Authority regarding interest rates granted by the National Consumer Disputes Redressal Commission. The Court reiterated that interest at 18% cannot be uniformly applied and must correlate with actual loss or injury, as established in Ghaziabad Development Authority vs. Balbir Singh (2004) 5 SCC 65. The Court set aside the National Commission's order, confirming that interest at 15% had already been paid and no further claims could be made by the Appellants, while clarifying that this order should not serve as a precedent for other cases.