Cheating by builder

Querist : Anonymous (Querist) 15 October 2016 This query is : Resolved
Hi, I have purchased a flat which is under construction. Flat registration is done. I have taken loan from bank. Builder is now absconding and I am not sure what to do. Is there any way to stop the EMI till the issue is resolved.

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Querist : Anonymous (Querist) 15 October 2016
Pls help me to knw the options available now

Guest (Expert) 15 October 2016
No One could Cheat an Anonymous.

kavksatyanarayana (Expert) 15 October 2016
No reply can be given to an anonymous query.

Ms.Usha Kapoor (Expert) 16 October 2016
AQ.Noreply.

Kumar Doab (Expert) 16 October 2016
AQ,NO reply.

Rajendra K Goyal (Expert) 16 October 2016
No reply to query from anonymous author.

P. Venu (Expert) 16 October 2016
You may file a civil suit for specific performance. The last known address of the builder is sufficient for the purpose of filing the suit. In the case of no appearance of the defendant, the matter could be decided and executed ex-parte after following the due process.

Sri Vijayan.A (Expert) 16 October 2016
Is there any way to stop the EMI till the issue is resolved?

No, it is not possible.

Bank is not party to the construction agreement and the Builder is not a party your loan agreement.

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