Kerala State Housing Board & Ors vs Kerala State Housing Brd.,Nhca ...

The Supreme Court upheld the decision of the Kerala High Court regarding the entitlement of the Kerala State Housing Board to claim interest on the differential amount from allottees. The Court affirmed that the Board was not entitled to interest at the rate of 15% per annum for the period from 1997, when enhanced compensation was deposited, until the service of individual account statements to the allottees. This ruling was based on the Board's failure to promptly serve the necessary notices, thereby establishing that the delay was attributable to the Board's own lethargy.