C.A. No. 2489/1998

Summary of C.A. No. 2489/1998 (Ghaziabad Development Authority v. Hardev Kumar Sehgal) The Supreme Court dismissed Ghaziabad Development Authority's appeal with modifications on August 10, 2005. The Court upheld the lower commission's finding of unfair trade practice for failing to deliver a plot within the promised two-year timeframe, but reduced the interest rate on the refund from 18% to 18% per annum (maintaining the rate but clarifying its application). GDA was directed to pay Rs.4,20,020 principal plus 18% interest from deposit date until payment, along with Rs.10,000 compensation and Rs.5,000 costs, within six weeks or face additional 12% interest on arrears. This case analysis is maintained by casestatus.in based on publicly available court records.