Mhada

Ravindra Pande (Querist) 14 April 2012 This query is : Resolved
How to seek additional time from High Court- Mumbai for payment to MHADA once the consent terms period has expired without altering the financial implications of the consent terms?

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Deepak Nair (Expert) 14 April 2012
Why to take additional time from High Court. You shoud get the time extended from MHADA

Ravindra Pande (Querist) 14 April 2012
MHADA wants to charge 16% interest from date of possession instead of 6% Simple Interest as per Consent Terms since the 90 day period is over

ajay sethi (Expert) 14 April 2012
were consent terms filed in high court wherein you were directed to pay within 90 days . ? if as per consent terms it is 6%6%interest you are not liable to pay 16%. however if as per consent terms it is mentioned that you shall be liable to pay 16%if you fail to make payment in 80 days then you would be liable

Ravindra Pande (Querist) 15 April 2012
Sir,
Thank You!

1. Yes the consent terms were filed in High Court.

2. Consent Terms were 06% Simple Interest and payment within 90 days from date of demand notice.

3. 90 days period upto 31.10.11 @ 6% Simple Interest
2. Mhada extended date upto 31.12.2011. Rate of Interest from 1.11.11 upto 31.12.11 @16% S.I.

Raj Kumar Makkad (Expert) 15 April 2012
In the given facts, high court can grant the desired relief.

Ravindra Pande (Querist) 18 April 2012
Thank You Sir!

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