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what penalty can be asked in Jaypee insolvency claim


15-Aug-2023 (In Property Law)
What % penalty should I claim from jaypee for delay in getting flat possession? In provisional allotment letter penalty on builder in not mentioned
Answers (1)

Answer #1
724 votes
You are supposed to submit a claim form for the delay compensation and also the ideal rate of interest. Calculate the compensation and rate of interest according to the difference in the price of similar accommodation,loss caused on account of rent if any, mental harassment, loss of interest on money at the rate of 24percent per annum.
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