Authority: Supreme Court of India
Order Date: 29 September 2026
Case Overview
- Petitioners: M/S Aims Max Gardenia Developers Pvt. Ltd; Respondent: Pratibha Gupta.
- The petition (Special Leave Petition (C) No. 32816/2026) challenged the High Court of Judicature at Allahabad, Lucknow Bench judgment dated 31 July 2026 in RERA No. 01/2023.
- The High Court had ordered the petitioner to pay interest at 24% per annum from 30 June 2013 until receipt of occupancy certificate.
- The Supreme Court, after hearing senior counsel and reviewing the impugned order, modified the interest rate to 18% per annum, leaving the remainder of the High Court order untouched.
Final Outcome
- Interest payable by Aims Max Gardenia Developers Pvt. Ltd is set at 18% per annum, calculated from 30 June 2013 to the date of possession (receipt of occupancy certificate).
- The Special Leave Petition is disposed of.
- All pending applications in the matter are consigned to the Court’s records.
Topics: RERA, Interest Rate, Real Estate Litigation