In Brief
The case involved flat buyers seeking compensation for delayed possession of apartments. The developer failed to hand over possession by the contractual date of 31 January 2014, and withheld possession from complainants after they filed a consumer complaint with the NCDRC. The NCDRC awarded interest at 6% per annum until 31 July 2016, but the buyers argued interest should continue until actual possession. The Supreme Court allowed the buyers' appeal, holding that the developer's liability to pay interest continues until each buyer actually receives possession, not just until an offer is made.
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