How to terminate a Registered Agreement / General Power of Attorney
We have entered into a development agreement with the builder. The society has entered into a agreement with the builder to develop a building for 18 old tenants who stay in chawls in our society premises itself.
The development Agreement is registered, and a registered GPA is also made. From 2002 till date the builder has not started the work. There were many issues and problems in the agreement. The society members had agreed to allow a building for 18 tenants so that they will get shifted from chawls to building.
Somewhere in 2009 members came to know that the whole society FSI, TDR, was given to the builder, and the builder instead of only 18 tenants flats of 300 sqft was construcitng two towers of 7 plus floors, using all available FSI, TDR. The then committee had taken money, and were not even ready to show the agreement to the members, but when all members pressureised they had to hand over the agreement copie to the members. When a few members read the agreement they were shocked, they approached a few advoactes, and all said that it was a fraud.
There the members forced the then committee to resign, and new committee was elected. The old committee had not signed M20 bonds.
The new committee immdiately sent termination NOTICE after passing a resolution in a AGM.
Now the society which is very old, and buildings in very bd conditions, more than 50 years old, need compelte redevelopment, therefore the new committee started the process of redevelopment as per GR 2009.
Now after two years of termination NOTICE the old builder is again claiming to enter the said premises and start construction to which all memebers are opposing, but the builder has treatened to enter.
Now in this situation, to resolve the issue completely, and to get out of this FRAUD agreement completely so that a new process as per GR 2009, can be started, what can be done.
I need to know how to terminate this Development Agreement and how to revoke the GPA.
Please help us fast...as time running out....
The agreement do not have any clauses on society side, even termination clause that was there in MOU is not there in Agreement. There is no chance. The aribitration clause is also from the builders side.
So to end this issue permanently what should out society do....