Search Results for "interest on refund"

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Supreme Court

Supreme Court Holds HUDCO in Breach of Contractual Obligations, Orders Refund of Forfeited Amount to Tomorrowland Limited. Forum Shopping and Unclean Hands Doctrine Bar Interest on Refund – Appeal Partly Allowed

13 Feb 2025

The Supreme Court partly allowed the appeal, holding that HUDCO was in breach of its contractual obligations and ordered a refund of the principal amo...

Supreme Court

Earnest Money Forfeiture – Contractual Obligations – One-Sided Agreements – Consumer Protection

3 Feb 2025

Forfeiture Clause – Valid But Limited to 10% of BSP – Contractual forfeiture of 20% BSP was excessive – Courts can interfere with unfair and one...

High Court

Petitioner entitled to refund of seized cash along with interest earned, as the respondent's retention of interest beyond 6% constitutes unjust enrichment. Refund of seized cash must include actual interest earned from fixed deposits, and failure to renew fixed deposits results in accountability for the concerned officials.

20 Sep 2024

Acts & Sections Discussed: Article 226 of the Constitution of India – Writ petition for enforcement of rights. Section 35FF of the Central E...

Supreme Court

Consumer Disputes Commission Order Challenged: Court Increases Interest on Refund for Delayed Flat Possession. Appeal Results in Enhanced Interest Rate from 9% to 12% for Complainants Against Parsvnath Developers Limited

29 Jul 2024

This appeal challenges the order dated 29th September 2022, passed by the National Consumer Disputes Redressal Commission, New Delhi, which directed t...

High Court

Court Orders MSEDCL to Refund Excess Charges to Consumers Maharashtra State Electricity Distribution Company Ltd. found in violation of MERC orders; Consumer Grievance Redressal Forum directs refunds with interest.

16 Jul 2024

The consolidated petitions, involving orders passed by the Consumer Grievance Redressal Forum (CGRF) in individual complaints against the Maharashtra ...

Supreme Court

Supreme Court Dismisses Promoter's Appeal in Real Estate Regulation Case, Upholding Authority's Jurisdiction and Pre-deposit Condition. The court affirmed that a single member of the Real Estate Regulatory Authority has jurisdiction to order refunds under Section 18 of the Real Estate (Regulation and Development) Act 2016, and the pre-deposit requirement under Section 43(5) is valid for statutory appeals.

11 Nov 2021

The dispute arose from appeals filed by promoters and real estate developers against orders of the High Court of Allahabad, which had dismissed their ...

Supreme Court

Supreme Court Upholds Consumer Commission Order Directing Builder to Refund Amount with Interest in Flat Possession Delay Case. Builder's Appeal Dismissed as Subsequent Purchaser Entitled to Interest from Deposit Dates Under Consumer Protection Act, 1986, Despite Force Majeure Claims.

22 Jul 2021

The dispute arose from a consumer complaint filed by the purchaser against the builder for delayed possession of a residential flat. The original allo...

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