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Ghaziabad Development Authority v. Dhanesh Chand Goel

Supreme Court Of India
Jan 12, 2001
Important Paras
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The judgment in Ghaziabad Development Authority v. Union of India only opines that interest (c)18% on equitable grounds can be 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.