RE: Esclation charges
Thank you sir for your guidance.
Arbitrator is Mr. S.M.Patil an Advocate appointed by the developer. He will favour the developer only.
Time given by the developer is only till 15th Oct 2013. I suppose it will not be possible to ask for an hearing and stay the...
RE: Esclation charges
Thanks,
The developer has an arbitration clause in the agreement, wherein he has specified that any breach by any party. The arbitrator needs to be referred. Is it necessary to start arbitration proceeding or go directly to the consumer court.
Regards,
Vincent
I bought a apartment from the developer.
There was no mention of esclation clause in our agreement. The developer is now asking for esclation cost which is 60% of the apartment cost, else he is cancelling the apartment allotted.
Please let me know the recourse and case studies if any...