Supreme Court of India
Kerala State Housing Board & Ors. v. Kerala State Housing Board, Nellikode Housing Colony Allottees Assn. & Ors.
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
Land Acquisition: Interest on differential amount betweef/ tentative price and final price - Land acquired - Reference for enhancement of compensation pending - Sale deed in favour of allottees with stipulation to pay differential between tentative price and final price and to pay interest @ 15% on differential amount within 30 days of demand notice - Enhanced compensation deposited in 1997 - Demand notice served in 1999 - Claim for 15% interest - HELD: Interest till the date of deposit in 1997 would be payable@ 15%, and thereafter 8% - It is not disputed that notices of demand were served on
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