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SETTLEMENT NOT REACHED MOVE TO CONSUMER COURT?


06-Apr-2023 (In Property Law)
We have entered a joint venture agreement with developer in which apart from joint venture agreement where there is 50-50 ratio sharing of total F.A.R, he has given rs.4 lakh as per agreement which is refundable , there is also a profit sharing agreement in which he is supposed to share 33% of profit. He has given another rs.5 lakh and also he has given rs.6 lakh to my elder brother but he is reluctant to give single penny to me and my mother and my elder sister. He also deliberately concealed the profit sharing agreement and didnt part with us.The developer defaulted in completing the project within 2 years as per agreement , now it is more than 3 years yet he has not completed the project . The extra money rs.3 lakh and rs.5 lakh he has given to elder brother he has given had not taken any no objection from all the owners as per agreement. We have claimed the share of profit but he denied.We have launched complaint online in district consumer dispute redressal commission, claiming t
Answers (1)

Answer #1
879 votes
If the value of the property is more than 20 lakh then you need to file this case against the developer in consumer forum for compensation, harassment,delay ,deficiency in service and ask for litigation cost along with interest. The value of the property need to be taken into consideration.
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