Consumer Protection Act, 1986, S. 23- Builder – Refund – Rate of interest awarded by NCDRC is only 9% – Under the agreement, in the event of default, the complainants liability to pay interest on the defaulted amount could go up to 18% – Just and proper that 18% interest be awarded on the refund amount.
CPA – Builder – Refund – 18% interest awarded on the refund amount. (2022-4) PLR 78 , 2022 SCeJ 1133
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