Rama Kant Bharadwaj vs Haryana State Ind. Dev.Corp.Ltd. & Anr

The Supreme Court upheld the orders of the National Consumers Disputes Redressal Commission directing the Haryana State Industrial Development Corporation to charge simple interest at the rate of 15.5% per annum, as opposed to compound interest, in accordance with the Commission's previous directives. The Court found no merit in the appellant's claim of improper interest calculation and affirmed the Commission's satisfaction with the Corporation's compliance. Consequently, the appeals were dismissed, reinforcing the authority of the National Commission under the Consumer Protection Act, 1986.