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Important NCDRC judgement favouring consumer against DLF charging escalation cost, delayed possession

Postby jogen77 » Tue May 05, 2015 11:37 am

Hi friends,

Came across this important judgement by National Consumer Disputes Redressal Commission (NCDRC) in 2007 who awarded compensation to consumer for delayed possession, refund of escalation charges with interest of 12% p.a., and pay interest on amount deposited for registry/conveyance deed.

From the judgement -

(a) to refund the amount of Rs.4,02,617.69p. to the Complainant which is recovered on account of escalation cost, with interest at the rate of 12% p.a. [No doubt, the Complainant has claimed the refund with interest at the rate of 20%, because that was the rate at which the builder recovered from the Complainant for some delay in payment of instalment.];

(b) to pay Rs.1 lakh as compensation to the Complainant for delay in delivery of possession, as directed by the State Commission; and,

(c). to pay interest at the rate of 12% p.a. on the amount deposited by the Complainant for the execution of the Conveyance Deed, from the date of deposit till the date of conveyance of the deed.

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