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Supreme Court of India

Alok Shanker Pandey v. Union of India and Ors.

Neutral citation
Reported as [2007] 2 S.C.R. 737
Bench S.B. Sinha and Markandey Ka Tju JJ.
Decided 15 February 2007

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.

8 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the opinion that the grant of interest of 12% per annum is appropriate in the facts of this particular case.

Judgment, page 4

From the headnote

Interest: Interest on interest-Installments paid for seeking allotment of flat­ Flat not allotted-Claim for refund of the installments along with interest- Respondent authority refunded amount without interest-Commission ordered payment of interest @ 12% p.a.-Appeal for higher interest-Held, in the facts of case, interest @ 12% p.a. was appropriate-However as interest was not paid along with the refund amount, respondent authority directed to pay interest at the same rate on the interest amount from the date of refand of installments till date of payment. Appellant applied for a flat in 1994.

Where later benches applied it

Of those, 2 relied on · 1 referred to · 5 mentioned

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