Supreme Court enhances interest for delayed flat possession: Vidya vs. Parsvnath Developers (2024)

/ Breach of contract, Construction Delays, Consumer Law, Consumer Law with Consumer Protection Act, 2019, Consumer Protection Act, Consumer Rights, Contract Law, Contract Law with Section 73, Indian Contract Act, 1872, Contractual Obligations, Property Law, Real Estate Law, Real Estate Regulation

Supreme Court enhances interest for delayed flat possession: Vidya vs. Parsvnath Developers (2024) LEGAL ISSUE: Whether the National Consumer Disputes Redressal Commission (NCDRC) was justified in awarding interest at a rate lower than what was stipulated in the agreement for delayed possession of a flat. CASE TYPE: Consumer. Case Name: Vidya and Others vs. M/s […]

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