Court Rules Development Authority’s Delay in Executing Conveyance Deed Bars Interest Claims on Premium Payment from Allottees: Allahabad High Court
In a recent judgment concerning the Uttar Pradesh State Industrial Development Act (UPSIDA), the court addressed a dispute involving Smt. Madhubala Jaiswal and UPSIDA over interest charges related to a real estate allotment. The case, recorded under Writ C No.-15996 of 2022, raises important issues about contractual obligations and the fairness of interest imposition when delays are attributable to the party imposing the interest. Background of the Case On 18.02.2017,…
