Sanjay Chaudhary vs Pioneer Urban Land And Infrastructure ...

The Supreme Court quashed the direction allowing the respondent-developer to charge interest at 9% per annum on the balance amount from 14th November 2017, holding that the developer's failure to hand over possession by the scheduled date constituted a breach of contract. The Court directed the respondents to convey the outstanding amount to the appellants within two months and to hand over possession of the flat within 30 days of final payment. The appeal was disposed of in favor of the appellants, ensuring they are not liable for the interest charged.