PRAGATI BUILDERS & PROMOTERS vs M/S RAM MURTY PYARA LAL & ORS.ETC.

The Supreme Court held that the interest awarded by the High Court was insufficient, directing that the appellants receive simple interest at 15% per annum instead of 6% from the date of payment for the property. The Court mandated the respondent bank to calculate and pay the adjusted interest amount to the appellants, while also ensuring the borrower pays the differential interest. The appeals were allowed with no costs, except for the modification of the interest rate.