Apni Law Staff asked 9 months ago
I bought a flat in Noida Extension and paid half the price upfront. ICICI Bank was financing the rest. In December 2015, the builder sent me a demand letter for the remaining payment. I forwarded this to ICICI, who contacted the builder for the required documents. The builder refused, claiming delays from the Greater Noida Authority. The builder finally received the documents in April and the payment was settled. Now, the builder is demanding interest from December to March, saying the initial demand was raised in December, but the delay was from their side. Is this fair?
Best Answer
Apni Law Staff answered 9 months ago
The builder’s demand for interest from December to March is not fair. While the initial demand was made in December, the delay in payment was caused by the builder’s failure to provide necessary documents, not by the buyer. The buyer fulfilled their obligation by promptly forwarding the demand letter to ICICI, and the delay occurred due to the builder’s inaction.
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