Rate of Interest held to be same for builder and buyer in case of default: SC

Ashoka Investment Co. Vs United Towers India (Pvt.) Ltd. (Supreme Court of India)

Conclusion: In present facts of the case, the Hon’ble Supreme Court held that the builder should also pay interest for it’s default to the buyer at the same rate (18% in this case), which is collected by him on default of the buyer as per agreement.

Facts: In present facts, the Appeal has been under Sectio

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