Calculation Of Delayed Possession Penal Interest Against A Builder.
Hi, When a case is filed against a builder for delayed possession under a Consumer Court, how is the interest (on the deposited amount) calculated/arrive at: 1. Is the penal interest calculated from committed date of possession until the date of OC? 2. Or Is the penal interest calculated from committed date of possession until whenever the judgement is passed? To clarify further under Option 1 above the delay is 3 years and under Option 3 it could be over 7 years till the case is finally heard and judgement delivered.
Free Legal Advice - consumer matters
Posted by: Chaturvedi
Posted on: 2020-10-26
It will depend on the facts of the case and the opposite side evidence.
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