Supreme Court of India

Haryana Urban Development Authority v. Saurabh Aggarwal

Neutral citation
Reported as [2004] SUPP. 4 S.C.R. 705
Bench S.N. Variava and A.K. Mathur JJ.
Decided 24 September 2004

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Housing: Interest-Rate of-Allotment of plot-Delay in handing over possession­ Despite deposit of substantial amounts-District Forum awarded 18% interest p.a. on the deposited amount-Correctness of-Held: Interest cannot be granted @ 18% p.a. in all cases irrespective of facts-Development Authority to pay interest@ 15% p.a. from date of each deposit till date of payment-Authority will not charge interest on delayed payment prior to the date of offer of possession-If by that date the original allotment price had been paid the Authority will not be entitled to and will not charge any interest-If

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