HUDA 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 original auction terms. The Court found that the imposition of 18% compound interest was not permissible under the auction conditions. Consequently, the appeal by the Haryana Urban Development Authority was dismissed, affirming the lower courts' rulings in favor of the respondent.