Builder not paying agreed settlement as per term
Suvajit Chakraborty
(Querist) 18 July 2022
This query is : Resolved
Hi All
I have filed a RERA case since last 2 years which got closed on a mutually agreed terms under RERA which says the builder has to pay back the entire amount in 6 monthly installments starting April 2022 till Sep 2022. On any delay it is also mentioned that the builder agrees to pay a penalty of interest of 8% annual. The RERA judgement includes all these terms. The builder has made only one payment on April with 12 days delay but since then no payments till date. A total of 3 payments have been missed. When I reach to the builder party they are simply saying no funds available since last 3 months.
What can I do to recover the money or also file a complaint against the builder which could put him ender pressure to mitigate the matter at the earliest?
Any help or suggestions will be highly appreciated. I am based out of Bengaluru and would also like to consult in person to file a newer case and understand my benefits for this.
Regards
Suvajit C (suvajit123@gmail.com)
kavksatyanarayana
(Expert) 19 July 2022
File another petition by consulting your counsel or through another lawyer.
