Can we as Builder to pay the loan instrest upon cancellation.
5 years ago
Dear Sir/Madam, Kind advice is requested in the matter, where I have cancelled a Flat due to unexpected developments in the structure. and the builder has agreed for cancellation with no deduction. Now the Bank Interest is 50000/- nearly, can we ask the builder to bare the interest.
I have waited for nearly 2 years for the project completion since its foundation, now all of a sudden there is a GYM/Party hall, on my flat which I was not informed about through out the project. Now when the wall of my flat and plastering is happening I am asked to cancel if not interested.
Kind help appreciated.
GANESH SHARMA
Responded 5 years ago
A.Pay the principle amount to the bank and if case they file suit for recovery made the builder as one of the party to the suit
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Shantaram Changdev Bedekar
Responded 5 years ago
A.Yes you can ask him to bare the interest Cost
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Ashish K Dongre
Responded 5 years ago
A.Yes you can ask builder to pay interest, issue him a legal notice for the same.
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A.Dear Sir,
No need to pay interest let the party go to court.
No need to pay interest let the party go to court.
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