Supreme Court Limits Homebuyer Recovery After Full Refund

The Supreme Court on 15 October modified a consumer-forum order arising from delayed possession in a Hyderabad housing project. It directed payment of ₹1.27 crore with 12% interest and ₹15 lakh compensation to the buyer, while retaining the balance pending the lender’s commercial appeal. The Court held that a buyer cannot receive interest on the full refund and rent for the same delay; the bank’s tripartite-agreement claim must be decided separately.

Judge / Bench — Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe. Judgment authored by Justice Alok Aradhe.

Advocates appearing — For the buyer — Amit Anand Tiwari, Senior Counsel. For the builder — Gaurav Agarwal, Senior Counsel, and Rahul Kripalani. For the bank — Suhasini Sen.