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Indian Laws - Highlights / Catch Notes

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Direction to refund entire sum deposited by complainants with ...


Complainants to get full refund + 12% interest p.a. from deposit date till refund for delayed project handover. Force majeure rejected. Appeal partly allowed.

Case Laws     Indian Laws

August 1, 2024

Direction to refund entire sum deposited by complainants with interest at 12% per annum from date of respective deposit till refund for delay in completion of project and handing over possession of flats - force majeure clause not applicable as held in DLF HOME DEVELOPERS case - appeal allowed in part modifying interest rate from 9% to 12% per annum as per agreement clause.

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