Liability to pay interest by developer when disputed amount is returned by way of Pay order

K.L. Suneja Vs Dr. (Mrs.) Manjeet Kaur Monga (D) (Supreme Court of India) An interesting question arose in this case where an apartment buyer was returned the money paid by her by way of a Pay-order by the developer instead of giving the flat. This was disputed by the flat allottee as she was willing to pay the remaining amount but for the completion of construction and complaint was made to MRPT alleging the unfair trade practice. Upon repeal of MRTP, the matter travelled upto Competition Commission and thereafter to National Company Law Appellate Tribunal (NCLAT) where it was held that the f...