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Not getting the posession and assured return what can i do


14-Oct-2023 (In Property Law)
I have invested in commercisl office space builder has crossed the time to give posession and have stopped paying me assured retutrn.
Answers (3)

Answer #1
671 votes
You can pursue a legal remedy.
Either a suit for specific performance can be filed in a civil court or,
a case to recover the assured money owed under as per the terms of the contract, be filed in the Company Law court.
Answer #2
696 votes
The courts are handling a lot of such matters these days. Such case, whence presented before the court, are presented as suits for recovery and are often resolved through mediation between the buyer and the builder subject to the induction of the arbitration clause.

However, I would only be able to advise better as to your position after seeing the relevant documents.
Answer #3
580 votes
hi, since the govt. has not constituted any authority under RERA Act, so you have only remedy of consumer court and permanent lok adalat. you can also file complaint to the Economic offence Wing. EOW may register the criminal case against builder if satisfied.

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.

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