Huda & Anr vs Kedar Nath

The Supreme Court upheld the High Court's decision that the Haryana Urban Development Authority could only charge 10% simple interest on delayed payments for auctioned booths, as per the auction conditions, and not 18% compound interest. The Court emphasized that the respondent's irregular payment history did not justify the imposition of higher interest rates. The appeal by the appellant was dismissed, affirming the lower courts' rulings in favor of the respondent.