Interest on Deposited Amounts: Restitutionary and Compensatory

Advertisement Jagannathi Devi (Dead) Thru Lakhan Lal Gupta Vs Lucknow Development Authority (NCDRC Delhi) Conclusion: In present facts of the case, the NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION NEW DELHI (NCDRC) held that the interest shall be given from the respective dates of deposit till the date of payment, by relying upon the Judgment of Hon’ble Supreme Cout wherein it was held that the interest payable on the amount deposited to be restitutionary and also compensatory, interest has to be paid from the date of the deposit of the amounts. Facts: The present First Appeal has been...