Supreme Court of India · 2009-01-28
Bhopal Vikas Pradhikaran vs Sangeet Shukla & Ors
- Court
- Supreme Court of India
- Petitioner
- Bhopal Vikas Pradhikaran
- Respondent
- Sangeet Shukla & Ors
- Bench
- V.S. Sirpurkar, R.M. Lodha
Judgment text excerpt
The Supreme Court clarified the terms of interest payable under the order of the District Forum regarding a consumer dispute. It was held that interest would be calculated on the unpaid interest amount only, not on the total amount paid by the complainant for the plot or flat. The Court confirmed that the further interest would be simple interest at the rate of 12% per annum if the calculated interest was not paid within three months. The appeals were disposed of without any order as to costs.