Legal Question in Consumer Law in India

maximum penalty on non payment of maintenance arrears in cooperative housing society

Asked on 6/12/13, 6:41 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP
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13.06.2013

Dear Sir / Madam,

Penal interest @ 21% per annum on outstanding Society dues followed by cancellation of membership of the Society in case of persistent failure.

Regards,

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6/13/13, 3:37 am

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