Puma Realtors Pvt. Ltd. vs Surinder Singh Grewal & Anr. on 11 October, 2018
34. First Appeal No. 1118 of 2017 preferred by the Opposite Parties against the impugned order dated 17.04.2017 in CC/893/2016 titled as Surender Singh Grewal & Anr. Vs. Puma Realtors Pvt. Ltd. & Anr., is allowed in part and the interest @13 % p.a. is modified to simple interest @12% p.a., while confirming the period of interest as the State Commission has rightly observed that the amounts were paid by the previous allottee uptill 30.11.2012. As interest has already been awarded by way of damages, additional compensation of Rs.1,00,000/- is set aside. However, we are inclined to award litigation costs of Rs.50,000/- is being awarded instead of Rs.35,000/-. Needless to add, the amounts deposited/ withdrawn by the Complainant shall stand adjusted from the decretal amount. Time for compliance is four weeks from the date of receipt of a copy of this order failing which the amount shall attract simple interest @ 14% p.a. for the same period. Therefore, the default interest rate awarded by the State Commission is also set aside.