LawRato

Non payment of assured returns by the builder


14-Feb-2023 (In Consumer Court Law)
I have purchased retail shop from the builder with a assured return of 11.5% for which full payment is made . He is stops giving cheques since last 03 months
Answers (3)

Answer #1
650 votes
Hello you can approach the consumer forum for redresaal of your grievances against the builder. He will return all assured returns plus he will also be penalized for the delayed payment along with the relevant interest
Answer #2
751 votes
First try to ask builder by written notice to show cause against non payment.
Don't wait any further as cause of action has already arised in your favour.
If he doesn't reply you within time fix.
You can sue him at consumer forum.
Answer #3
732 votes
You can register (1) a case with the police against the builder for criminal cheating and also together you can file a case before Consumer Court, if this shop was for your livelihood or before permanent lok adalat if the total sale price is less than Rs. 1 crore. You can also file a civil case for possession and recovery.

You can bring all the papers, letters, communications and e-mails for further and clear advise.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."