In Brief
DLF Homes Panchkula challenged orders from the State Consumer Disputes Redressal Commission regarding delayed delivery of flats and compensation. The SCDRC had awarded 15% per annum interest for the delay. The Supreme Court held that 15% was excessive and modified the rate to 9% per annum, consistent with the Court's prior awards in similar cases. For transferred flats, interest begins from the date of expiry of three years from the agreement or transfer, whichever is later. The refund must be paid within two months with costs.
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