Purchase of Property.

CA Santosh Chinchkar. (Querist) 07 July 2010 This query is : Resolved
We had purchased the house in new construction at Rabale. We had paid advance of Rs.3 lacs to Builder. Afterwards, it was found that it was unathorised constrcution. We had returned the original Agreement & Advance receipts to Builder and taken the 4 Post dated cheques. All cheques has been bounced. Now Builder is not responding to calls also. Kindly suggest the way forward.

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Krishnamurthy Ramdas Iyer (Expert) 07 July 2010
proceed under N I Act and file summary suit in HC for recovery of money

DEFENSE ADVOCATE.-firmaction@g (Expert) 07 July 2010
If you have not issued notice in time no case can be filed under NI act.

Devajyoti Barman (Expert) 07 July 2010
yes if there is time of one month from the date of dishonour of those cheques you could file the case after serving him the notices.