Tag Archives: National Consumer Disputes Redressal Commission

ILN Today Post

From dreams to reality

  1. NCDRC to the Rescue of Beleaguered Buyers

The National Consumer Disputes Redressal Commission (the “NCDRC”) has recently passed stringent directions1 against a builder taking strong objection to delays in construction, coupled with failure of the builder to share the EMI of the flat buyers (“Complainants”) in agreed proportion.

The Complainants booked a flat with the builder in 2007. The builder assured to share 3/4th portion of the EMI to be paid to the bank, if the Complainants paid 95% of the basic sale price of the flat to the builder upfront, and availed a bank loan in such regard.

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