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Unfair Penalty clause from the builder. Qn. I have booked a flat in the month of with finance scheme and I got the allotment letter along with payment intimation letter with as due date. But I Executed the sale agreement in and bank released the payment in . Possession date set to . After three years, I got final settlement report which demanding penalty amount "Delay Interest Charges" for the period between to .I would like to know, is it legal from builder to charge the interest for the period between initial Payment intimation due date and sale agreement date? Replied, Adv. Panel of IndiaLawsonline, 13 hrs 46 mins ago
Pvt ltd company does not have license to give loan

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