CHANDIGARH HOUSING BOARD THROUGH ITS CHARIMAN vs NARESH KANT — C.A. No. 2849/2009
Case under Section IV. Status: DISPOSED.
CNR: SCIN010048432007
Filing Date
14-Feb-2007
Registration No
C.A. No. 2849/2009
Diary Number
4843/2007
Order Date
22-Nov-2023
Document Type
ROP - of Main Case
Disposal Type
Disposed Off
Data as of 20-Jun-2026
Acts & Sections
Petitioner(s)
CHANDIGARH HOUSING BOARD THROUGH ITS CHARIMAN
Adv. RACHANA JOSHI ISSAR
Respondent(s)
NARESH KANT
Hearing History
Judge: HON'BLE MR. JUSTICE SUDHANSHU DHULIA and HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA
Ordinary
Ordinary
Fixed Date by Court
Fixed Date by Court
Fixed Date by Court
| Date | Purpose |
|---|---|
| 22-Nov-2023 | Ordinary |
| 22-Nov-2023 | Ordinary |
| 01-Sep-2023 | Fixed Date by Court |
| 25-Jul-2023 | Fixed Date by Court |
| 10-Jul-2023 | Fixed Date by Court |
Orders
Case Summary: Chandigarh Housing Board v. Naresh Kant Outcome: The Supreme Court disposed of all connected appeals on November 22, 2023, upholding the Board's price increases but reducing the penal interest rate from 24% to 9%. The Court declined to interfere with the increased flat prices or regular interest on installments, but exercised Article 142 powers to reduce only the penal interest charged to defaulting allottees. Key Direction: Allottees must pay the enhanced flat prices and regular interest as per the hire-purchase agreement; however, any penal interest shall be charged at 9% per annum only, not the original 24% or higher rate. This case analysis is maintained by casestatus.in based on publicly available court records.
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