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2000 (5) TMI 963 - SC - Companies LawWhether compensation can be awarded for ‘mental agony’ suffered by the claimants ? Whether in the absence of any contract or promise held out by the Ghaziabad Development Authority any amount by way of interest can be directed to be paid on the amount found due and payable by the Authority to the claimants ? If so, the rate at which the interest can be ordered to be paid ? Held that:- Compensation for mental agony could not have been awarded as has been done by the MRTP Commission. Thus the direction made by the MRTP Commission for payment of Rs. 50,000 as compensation for mental agony suffered by the claimant-respondents in Civil Appeal is set aside. In all the other cases the direction for payment of interest at the rate of 18 per cent shall stand modified to pay interest at the rate of 12 per cent per annum.
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