Unjustified Imposition Of 10% Interest For Deficiency In Service Is Unreasonably High, Must Range Between 6-10%: NCDRC

The NCDRC (National Consumer Disputes Redressal Commission) opined that the unjustified imposition of 10% interest for deficiency in service is unreasonably high and should range between 6-10%. The commission's observation suggests that while interest can be levied as compensation for deficiency in service, the rate should be fair and reasonable, taking into account the nature of the deficiency and prevailing interest rates.