Payment of interest
Priya Pednekar
(Querist) 09 June 2012
This query is : Resolved
hi,
We r in the process of buying a resale flat in navi mumbai. for some reason or other the process has been delayed. atlast in a meeting with the seller it was verbally agreed that we would pay them Rs. 800 per day interest till the final payment was made to them. Later on however the seller made a MOU asking us to pay him a lump sum amount of Rs. 34,000/- as interest if the deal is not completed by the 15th of June. Now when all the formalities are done and we r ready to make the final payment he is saying that we should pay him @ Rs. 800/- per day which amounts to about Rs. 40,000/-. i wanted some advice on this matter. as i feel that we should be paying only rs. 34,000/- as per the MOU signed by us. Pl. advice. Urgent.
sanjeev murthy desai
(Expert) 09 June 2012
Send a legal notice saying that we ready to pay 34k if you execute sale deed otherwise will take legal course of action.
ajay sethi
(Expert) 09 June 2012
you are bound to pay rs 34,000 only . have you paid seller any advance money ? if you dont agree to pay extra rs 8000 your dela may be in jeopardy . going to court is an expensive proposition . settle with the seller
Shonee Kapoor
(Expert) 19 June 2012
Nothing left to be added.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
