What is the remedy if there is unreasonable delay in possession in a Buyer''s Agreement? What is the appropriate rate of interest on refunds awarded in a consumer dispute for delayed possession? What are the consequences of a one-sided clause in a Buyer''s Agreement regarding possession and interest?

Key Points: - The court held that unreasonable delay in possession can justify refund of money with interest. (!) (!) - The Court modified the NCDRC order to award interest at 9% per annum, instead of 12%. (!) - The Buyer''s Agreement clause regarding possession and interest was found to be one-sided and indicative of unfairness. (!) (!) - Despite seeking possession as primary relief, refund of money with interest was justified given seven-year delay. (!) - The SCDRC/NCDRC awards for refund and compensation were upheld with modification to interest rate. (!) (!) - The possession completion certificate was received much later (2016), far beyond the extended possession date. (!) (!) - The appeal disposed of with no order as to costs. (!) - The respondent had filed a consumer complaint in 2011 seeking possession or refund with interest and compensation. (!) - The court noted that a reasonable period for awaiting possession cannot be indefinite. (!) - The amount deposit and distribution per court directions were to be adjusted from appellant's deposited funds. (!)

What is the remedy if there is unreasonable delay in possession in a Buyer''s Agreement?

What is the appropriate rate of interest on refunds awarded in a consumer dispute for delayed possession?

What are the consequences of a one-sided clause in a Buyer''s Agreement regarding possession and interest?