NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
MR. PREM NARAIN, PRESIDING MEMBER
PARSVNATH DEVELOPERS LIMITED – Appellant
Versus
DR. RENU BERI – Respondent
| Table of Content |
|---|
| 1. refunding principal amount raises questions about interest rates and compensation. (Para 1 , 2 , 3) |
| 2. delay in filing the appeal questions lack of justification. (Para 4 , 5) |
| 3. condonation principles emphasize substantial justice over technical delays. (Para 6 , 7 , 8 , 9 , 10) |
| 4. interest considered sufficient compensation, negating need for separate damages. (Para 11) |
Learned counsel for the appellant states that the principal amount has already been refunded to the respondent / complainant along with cost of litigation as ordered by the State Commission vide order dated 30.11.2018. Now the question of interest and compensation remains. Learned counsel for the appellant argued that the State Commission has awarded interest @ 18% per annum whereas now this Commission and the Hon’ble Supreme Court are awarding interest @ 9% or 10% per annum in the case of refund, therefore, same may be ordered. It is further argued that when interest is provided on the amount of refund there is no justification for granting separate compensation of Rs.50,000/-as interest is also a form of compensation.
2. Learned counsel for the appellant further states that there is a delay of 185
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