Archive · 24 Sep 2025
Supreme Court Orders Refund to Plot Buyer with 18% Interest
A man named Rajnish Sharma had a problem with a real estate company because they delayed his plot and charged unfair fees.
He went to court, and the Supreme Court decided the company had to give him back his money, which was more than 43 lakh rupees.
The court also made them pay extra money called interest, at a rate of 18%.
This was because the company caused him trouble by taking too long and treating him unfairly.
The court agreed with Rajnish, and increased the interest the company had to pay.
The Supreme Court directed a real estate firm to refund over Rs 43 lakh.
The refund includes 18% interest.
The case involved a plot booking dispute.
Rajnish Sharma alleged undue delay, unfair charges, and harassment.
The initial order by NCDRC was for a 9% interest rate.
- Who
- The Supreme Court and Rajnish Sharma
- What
- Ordered a real estate firm to refund over Rs 43 lakh with 18% interest.
- When
- Wednesday
- Where
- Supreme Court
- Why
- Due to undue delay, unfair charges, and harassment regarding a plot booking.
- Parties Involved
- Rajnish Sharma vs. M/s Business Park Town Planners Ltd.
- Subject
- Plot booking dispute
- Initial Amount
- Over Rs 43 lakh
- Original Interest Rate
- 9% (NCDRC)
- Supreme Court Interest Rate
- 18%
- Allegations
- Undue delay, unfair charges, harassment
- Event Date
- Wednesday