M/S SUNEJA TOWERS PRIVATE LIMITED & ANR. versus ANITA MERCHANT
The Consumer Fora under the Consumer Protection Act, 1986 should not as a matter of routine award compound interest as compensation or punitive damages in real-estate refund matters; the decision in Dr. Manjeet Kaur Monga does not constitute a precedent obliging fora to award compound interest universally; awarding compound interest is an exceptional equitable measure that requires detailed justification and specification of relevant factors and period of compounding.
Source excerpt
- Compound interest
- Punitive damages
- Jurisdiction of consumer fora
- Compensation assessment
- Unjust enrichment