Consumer Protection Act, 1986, Section 25 -- Execution proceedings - Flat - Delay in completion - Petitioner will be getting interest @ 12% on the amount of Rs. 15,549 and compensation of Rs. 25,000 for the delay in construction as per law - Cannot exceed the limit of rate of interest as per agreement between the parties which was 7% and 10% respectively for the period..........
Consumer Protection Act, 1986, Section 2(1)(g) , 14(1)(d) -- Residential Flat Registration Scheme for Slum Dwellers - Registration of flat - Deposit refund - Interest - Money retained by petitioner for 25 years - Plea that as per terms of Rule 6.4 of the Rules for initial period of one year rate of interest could be payable @ 7% p.a. - Keeping in view the delay of 25 years..........
Interest Act, 1978, Section 3 -- Interest - Agreement as to - Has a precedence over the provision contained in S.3(1) which provides for the Court to allow interest at a rate not exceeding the current rate of interest...........
Civil Procedure Code, 1908, Section 34 -- Interest - Money suit - Court may in the decree order interest at such rate as the Court deems reasonable to be paid on the principal sum adjudged, from the date of the suit, till the date of the decree in addition to any interest adjudged on such principal sum for any period prior to the institution of the suit, with further..........
Consumer Protection Act, 1986, Section 2(1)(g), Interest Act, 1978, Section 3, Civil Procedure Code, 1908, Section 34 -- Housing - Plot allotment - Interest rate - Charging on additional amount - Nothing in agreement which provides for rate of interest to be levied on the additional price on account of enhancement of acquisition cost - It has to be in keeping with..........
Housing -- Earnest money - Refund - Interest - After draw of lots earnest money remained with PUDA - Refund not asked by respondents and earnest money allowed to remain with PUDA - Respondents permitted to participate in draw of lots held for second time - After remaining unsuccessful in second draw of lots also respondents moved consumer court contenting that they are..........
Consumer Protection Act, 1986, Section 2(1)(r) -- Banking service - Credit card - Interest rate - Charging of at rates ranging from 36% to 49% p.a. is exorbitant and amounts to exploitation of the borrowers/debtors and is usurious...........
Banking service -- Misappropriation of amount - Instead of operating of account under the signatures of joint signatories amount allowed to be withdrawn on signature of one signatory - Respondent Bank directed to pay the amount to the petitioner Society with 5% per annum rate of interest...........
Insurance claim -- Repudiation - On the ground that insured mustered seeds were damaged due to spontaneous combustion but no fire had occurred - The policy cover specifically provides insurance cover for spontaneous combustion - Because the Joint Surveyors have specifically arrived at the conclusion that the mustard seeds were damaged due to spontaneous combustion and they..........
Motor Vehicles Act, 1988, Section 171 -- Accident - Claim - Interest - Depends upon the bank rate prevailing at the relevant time...........
