Legal Question in Consumer Law in India
I have booked flat in March 2012 paying 1.25lkhs advance.But due to some financial reason I could not make the payment for 7 months.Builder send me a letter for asking interest @24% for balance due.When I approached to him for paying the earnest amount, he has informed that the flat already been sold and if I want to continue with booking he will be giving current rate on available flat. Can I take some action against builder?Or give me suggestions.
1 Answer from Attorneys
It depends upon the terms and condition of agreement. Kindly check what rate of interest has been laid down for delay in payment. Otherwise, 24% is arbitrary and can be questioned. Secondly selling out of flat without intimation is also illegal and consumer complaint will lie for that.
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