ORDER

“21. Having regard to the discussion done and the legal position explained, I am of the considered view that the ends of justice would be met if a direction is issued to the Ops to refund to the complainant in each of the five cases the amount deposited by each complainant with interest relying on the judgement of the Hon’ble NCDRC in the matter of Anil Kumar Jain (Supra) at the rate of 12% from the date of deposit till realisation and litigation cost of Rs. 30,000/- in each case is ordered leaving the parties to bear the cost.”

“DATED.11.01.2024

ORDER

          Heard learned counsel for the appellant and the learned counsel for the respondents/complainants.

While considering the applications, what is also to be borne in mind is the real contest between the parties regarding the rate of interest payable on the amount awarded by the State Commission as to whether it should be 9% as claimed by the appellant or 12% as awarded by the State Commission.

Learned counsel for the respondents/complainants prays for time to assist the Bench along with the judgments that he proposes to rely on with regard to the calculation of rate of interest on such amount awarded by the State Commission.