Delay in payment after registration and seller asking for late fees
07-Dec-2023 (In Property Law)
Due to bank loan process my final settlement was paid to property owner after 2 month of date of registration. as per the legal paper we need to complete settlement within one month . last month (September 1st week) we handover bank received final cheque to property owner and now he is demanding for late fees and blackmailing us saying that he will terminate sale agreement. Till now he did not send us any legal notice. what we do now
Yes , you can file a complaint for damages to the consumer court. A criminal complaint against the director of the company . A stay on construction need to be taken through the High Court with very high chances of positive results, as the situation faced by you has become very common and the courts are aware of such cheating by the developer. The RE- APPROVALs on the once approved masterplan of the project itself is an illegal act where the GDA can be made a party too.
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