Supreme Court Raises Logix Infrastructure Interest to 8%

Supreme Court allows appeal to increase compensation interest for Logix Infrastructure flat buyers from 6% to 8% per annum.
The ruling addresses inconsistency in NCDRC's interest awards for the same 'Blossom County' real estate project.
Court notes NCDRC incorrectly deviated from its own precedent of 8% interest for identical cases in this project.
The appeal was filed by Society for Consumer Justice on behalf of two allottees, Sandeep Purohit and Anirudh Sharma.