Last payment delayed : Imposed heavy fine by company without any basis
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amarsingh19
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Started 1 years ago
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- Originally Posted by amarsingh19I own a plot in TDI infra. I was making timely payments as and when requested but I missed making the last payment due to some reason.
Company never sent me the reminder for the last payment after that.
Now, they have imposed a heavy fine of Rs.1.8 lac while there no mention in any agreement or terms of conditions of any such fine on late payment. Nor company has explained how the number of 1.8 Lac is finalised.
Possesion would only be offered after I pay the fine.
Have tried talking to company about this but they are adament about the fine.
Shall I approach consumer court?
Which Project of TDI is this plot? Can u specify the name & location of the Project?
...........& do read your agreement/BBA with the Builder. There would be an interest clause on delay in payments.CommentQuote0Flag - Its not in gurgaon but in chandigarh. But chandigarh forum is dead so posted here to seek expert advice.Originally Posted by MANOJaOriginally Posted by amarsingh19I own a plot in TDI infra. I was making timely payments as and when requested but I missed making the last payment due to some reason.
Company never sent me the reminder for the last payment after that.
Now, they have imposed a heavy fine of Rs.1.8 lac while there no mention in any agreement or terms of conditions of any such fine on late payment. Nor company has explained how the number of 1.8 Lac is finalised.
Possesion would only be offered after I pay the fine.
Have tried talking to company about this but they are adament about the fine.
Shall I approach consumer court?
Which Project of TDI is this plot? Can u specify the name & location of the Project?
...........& do read your agreement with the Builder. There would be an interest clause on delay in payments.
No, there is no mention of delayed payments interest.CommentQuote0Flag - Originally Posted by amarsingh19Its not in gurgaon but in chandigarh. But chandigarh forum is dead so posted here to seek expert advice.
No, there is no mention of delayed payments interest.
Moving the thread to Chandigarh sub forum. What is the exact name & location of this Project? Is the location Mohali ?
If there is nothing on interest on delayed payments, take him to consumer court,but do recheck your agreement, as Builders never miss this clause.CommentQuote0Flag