Haryana Urban Development Authority vs Lalit Jain

The Supreme Court addressed appeals from 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 be based on specific case facts, establishing that compensation for mental agony must correlate with proven loss or injury. The Court upheld the interest rate of 12% as sufficient for the case at hand, while clarifying that this ruling does not set a precedent for future cases, which must adhere to principles from Ghaziabad Development Authority vs. Balbir Singh.