Supreme Court of India · 2004-08-10
H.U.D.A. vs R.S. BANGA
- Citation / case number
- SC 2003/1500
- Court
- Supreme Court of India
- Petitioner
- H.U.D.A.
- Respondent
- R.S. BANGA
- Author
- S. N. VARIAVA
- Bench
- S. N. VARIAVA & ARIJIT PASAYAT
Judgment text excerpt
The Supreme Court held that interest at the rate of 18% per annum cannot be uniformly granted in consumer cases, emphasizing that compensation 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 increasing interest to 18%, maintaining the State Forum's directive of 15% interest. The Respondent was granted the option to take possession of the plot or request a refund, with the Appellants required to comply accordingly.