Ghaziabad Development Authority v. Dhanesh Chand Goel
2001-01-12
DORAISWAMY RAJU, S.P.BHARUCHA, Y.K.SABHARWAL
body2001
DigiLaw.ai
JUDGMENT : 1. The judgment in Ghaziabad Development Authority v. Union of India, (2000) 3 Comp LJ 402 (SC) : (2000) 6 SCC 113 only opines that interest @ 18% on equitable grounds can he awarded on equitable grounds in appropriate cases. Given the facts recorded in the order under challenge, the rate of 18% per annum is an award at a reasonable rate. The special leave petition is dismissed.