Supreme Court of India
Delhi Development Authority v. P.R. Samanta
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.
What the Court ordered
Accordingly, we find the impugned order of the Commission awarding interest at the rate of 12% per annum on the registration amount and al.so award of Rs.5000/- G towards litigation charges to be against law and unjustified.
Judgment, page 7
From the headnote
Monopolies and Restrictive Trade Practices Act, 1969 - c s. 55-Appeal under - Scheme for allocation of self financing society flats - Rejection of allotment offer by respondent allottee - Refund of registration amount alongwith 7% interest in terms of the offer document - However, respondent claiming interest@ 15% pa in place of 7% pa - Respondent's case that interest paid on registration amount was less than the rate at which the applicants are to be charged in case of delay/default-Award of interest@ 12% pa on the registration amount as also Rs.5,0001- towards litigation charges by
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