if builder goes bankrupt without paying lease amounts to NOIDA. What are legal rights of flat owners

Q: There could be a situation where the builder has taken all the money including lease rent to be paid to Noida Authority but does not make payments to NOIDA Authority. What are the legal rights of flat owners in this case?

Rajneesh Rastogi,

26th March 2014

Legal in Gautam Buddha Nagar

Follow Discussion

Also see discussions for

Gautam Buddha Nagar Legal Legal in Gautam Buddha Nagar

Replies (2)

Thanks Bhawna. The builder may have paid partial amounts. The issue is what if has not made full payments and goes bankrupt

Rajneesh Rastogi,

31st March 2014

Comment

Hi Mr Rastogi, you can always confront the builder to show you the receipts of pauyments made.. i think you should just speak to the builder and ask them to show u receipts and if not paid then ask them to pay or privide u with a written explanation...probably...

Bhawna, Gurgaon

28th March 2014

Comment