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SC ups interest rate to 18% in ₹43 lakh refund case
The Free Press Journal - Mumbai
|September 27, 2025
The court observed that the developer’s conduct — marked by prolonged delays, unfair penalties on the buyer, and over a decade-long wait — warranted higher compensation
The Supreme Court has directed a Delhibased real estate developer M/s Business Park Town Planners Ltd. to refund over Rs43 lakh to a plot purchaser, with the simple interest rate enhanced from 9% to 18% per annum.
The order was delivered by a bench of Justices Dipankar Datta and Augustine George Masih, which turned down the earlier order of the national consumer disputes redressal commission (NCDRC) that had capped the interest at 9% p.a.
This story is from the September 27, 2025 edition of The Free Press Journal - Mumbai.
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